SlideShare a Scribd company logo
Paul Andrew, North Grafton
 A North Grafton, Massachusetts-based policy expert, Paul
Andrew devotes his time to thinking, writing, and speaking
about public and economic policy. As a specialist in economic
policy, Paul Andrew has advised organizations around the
world.
The Trans-Pacific Partnership, or TPP, is a trade agreement
between 12 nations around the Pacific Rim. American
proponents of the TPP laud its elimination of certain taxes and
trade barriers. When the agreement is ratified, American
business owners and farmers will be able to export their
American-made goods to the other 11 partnering nations with
significantly fewer restrictions.
 This expansive trade agreement is further reaching than the
WTO. Not limited to the trade of physical goods, the TPP
includes provisions for various services, including new
regulations for environmental, labor, and intellectual and digital
property standards.
Opponents of the trade agreement have expressed concerns
regarding the power it could give to large corporations over
individual consumers. Others are concerned with new
regulations governing intellectual and digital property rights,
saying they do not offer enough protection. Ratification is not
likely occur until after the 2016 election cycle has concluded.

More Related Content

Similar to The Trans-Pacific Partnership Brings Changes to International Trade

Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...
Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...
Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...
Clifton M. Hasegawa & Associates, LLC
 
Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)
Jack Johannessen
 
What is the TTP?
What is the TTP?What is the TTP?
What is the TTP?
lyndseyoday
 
Trans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track PowerpointTrans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track Powerpointbootsmade4walkin
 
The Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and ControversiesThe Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and Controversies
Dr. Oliver Massmann
 
Canada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnershipCanada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnership
nikita kozlov
 
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERSTHE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
Carlos Alberto Aquino Rodriguez
 
The collapse of the TPP treason and end of finanical idolatry
The collapse of the TPP treason and end of finanical idolatryThe collapse of the TPP treason and end of finanical idolatry
The collapse of the TPP treason and end of finanical idolatryRaymond Aitken
 
Stop TPP before it's too late
Stop TPP before it's too lateStop TPP before it's too late
Stop TPP before it's too late
In Search of Liberty
 
The Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and ControversiesThe Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and Controversies
Simon Lacey
 
Asia-Pacific nations sign sweeping trade deal without U.S - Reuters
Asia-Pacific nations sign sweeping trade deal without U.S - ReutersAsia-Pacific nations sign sweeping trade deal without U.S - Reuters
Asia-Pacific nations sign sweeping trade deal without U.S - Reuters
Dr. Oliver Massmann
 
The High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific PartnershipThe High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific PartnershipLewis Leibowitz
 
InsightsPrimer The Trans Pacific PartnershipBY JACQUE.docx
InsightsPrimer The Trans Pacific PartnershipBY JACQUE.docxInsightsPrimer The Trans Pacific PartnershipBY JACQUE.docx
InsightsPrimer The Trans Pacific PartnershipBY JACQUE.docx
carliotwaycave
 
Will NAFTA be Trumped?
Will NAFTA be Trumped?Will NAFTA be Trumped?
American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...
Patton Boggs LLP
 
Nafta
NaftaNafta
Edelman Public Affairs - Trump Unveils NAFTA 2.0 Objectives
Edelman Public Affairs - Trump Unveils NAFTA 2.0 ObjectivesEdelman Public Affairs - Trump Unveils NAFTA 2.0 Objectives
Edelman Public Affairs - Trump Unveils NAFTA 2.0 Objectives
Edelman
 
TPP - Secret Surrender of Sovereignty - tna - 11-19-12
TPP - Secret Surrender of Sovereignty - tna - 11-19-12TPP - Secret Surrender of Sovereignty - tna - 11-19-12
TPP - Secret Surrender of Sovereignty - tna - 11-19-12
miscott57
 
Position Paper ALL Final
Position Paper ALL FinalPosition Paper ALL Final
Position Paper ALL FinalMaya Johnson
 

Similar to The Trans-Pacific Partnership Brings Changes to International Trade (20)

Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...
Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...
Trans-Pacific Partnership Free Trade Agreement (TPP) - A people-centered appr...
 
Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)
 
What is the TTP?
What is the TTP?What is the TTP?
What is the TTP?
 
Trans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track PowerpointTrans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track Powerpoint
 
The Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and ControversiesThe Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and Controversies
 
Canada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnershipCanada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnership
 
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERSTHE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
 
The collapse of the TPP treason and end of finanical idolatry
The collapse of the TPP treason and end of finanical idolatryThe collapse of the TPP treason and end of finanical idolatry
The collapse of the TPP treason and end of finanical idolatry
 
Stop TPP before it's too late
Stop TPP before it's too lateStop TPP before it's too late
Stop TPP before it's too late
 
The Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and ControversiesThe Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and Controversies
 
Asia-Pacific nations sign sweeping trade deal without U.S - Reuters
Asia-Pacific nations sign sweeping trade deal without U.S - ReutersAsia-Pacific nations sign sweeping trade deal without U.S - Reuters
Asia-Pacific nations sign sweeping trade deal without U.S - Reuters
 
The High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific PartnershipThe High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific Partnership
 
InsightsPrimer The Trans Pacific PartnershipBY JACQUE.docx
InsightsPrimer The Trans Pacific PartnershipBY JACQUE.docxInsightsPrimer The Trans Pacific PartnershipBY JACQUE.docx
InsightsPrimer The Trans Pacific PartnershipBY JACQUE.docx
 
Will NAFTA be Trumped?
Will NAFTA be Trumped?Will NAFTA be Trumped?
Will NAFTA be Trumped?
 
American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...
 
Nafta
NaftaNafta
Nafta
 
Nafta
NaftaNafta
Nafta
 
Edelman Public Affairs - Trump Unveils NAFTA 2.0 Objectives
Edelman Public Affairs - Trump Unveils NAFTA 2.0 ObjectivesEdelman Public Affairs - Trump Unveils NAFTA 2.0 Objectives
Edelman Public Affairs - Trump Unveils NAFTA 2.0 Objectives
 
TPP - Secret Surrender of Sovereignty - tna - 11-19-12
TPP - Secret Surrender of Sovereignty - tna - 11-19-12TPP - Secret Surrender of Sovereignty - tna - 11-19-12
TPP - Secret Surrender of Sovereignty - tna - 11-19-12
 
Position Paper ALL Final
Position Paper ALL FinalPosition Paper ALL Final
Position Paper ALL Final
 

More from Paul Andrew North Grafton

Importance of Investing in a Degree in International Relations
Importance of Investing in a Degree in International RelationsImportance of Investing in a Degree in International Relations
Importance of Investing in a Degree in International Relations
Paul Andrew North Grafton
 
Despite Low US Unemployment, Quality of Jobs Is an Issue
Despite Low US Unemployment, Quality of Jobs Is an IssueDespite Low US Unemployment, Quality of Jobs Is an Issue
Despite Low US Unemployment, Quality of Jobs Is an Issue
Paul Andrew North Grafton
 
U.S. Solar Tariffs and Their Industry Implications
U.S. Solar Tariffs and Their Industry ImplicationsU.S. Solar Tariffs and Their Industry Implications
U.S. Solar Tariffs and Their Industry Implications
Paul Andrew North Grafton
 
The Charming Italian Villages of Cinque Terre
The Charming Italian Villages of Cinque TerreThe Charming Italian Villages of Cinque Terre
The Charming Italian Villages of Cinque Terre
Paul Andrew North Grafton
 
Preparing for Your First 5k Run - The Week Before
Preparing for Your First 5k Run - The Week BeforePreparing for Your First 5k Run - The Week Before
Preparing for Your First 5k Run - The Week Before
Paul Andrew North Grafton
 
Helping To Create Closer Economic Ties in The Caribbean
Helping To Create Closer Economic Ties in The CaribbeanHelping To Create Closer Economic Ties in The Caribbean
Helping To Create Closer Economic Ties in The Caribbean
Paul Andrew North Grafton
 
The Benefits of International Business Experience
The Benefits of International Business ExperienceThe Benefits of International Business Experience
The Benefits of International Business Experience
Paul Andrew North Grafton
 

More from Paul Andrew North Grafton (7)

Importance of Investing in a Degree in International Relations
Importance of Investing in a Degree in International RelationsImportance of Investing in a Degree in International Relations
Importance of Investing in a Degree in International Relations
 
Despite Low US Unemployment, Quality of Jobs Is an Issue
Despite Low US Unemployment, Quality of Jobs Is an IssueDespite Low US Unemployment, Quality of Jobs Is an Issue
Despite Low US Unemployment, Quality of Jobs Is an Issue
 
U.S. Solar Tariffs and Their Industry Implications
U.S. Solar Tariffs and Their Industry ImplicationsU.S. Solar Tariffs and Their Industry Implications
U.S. Solar Tariffs and Their Industry Implications
 
The Charming Italian Villages of Cinque Terre
The Charming Italian Villages of Cinque TerreThe Charming Italian Villages of Cinque Terre
The Charming Italian Villages of Cinque Terre
 
Preparing for Your First 5k Run - The Week Before
Preparing for Your First 5k Run - The Week BeforePreparing for Your First 5k Run - The Week Before
Preparing for Your First 5k Run - The Week Before
 
Helping To Create Closer Economic Ties in The Caribbean
Helping To Create Closer Economic Ties in The CaribbeanHelping To Create Closer Economic Ties in The Caribbean
Helping To Create Closer Economic Ties in The Caribbean
 
The Benefits of International Business Experience
The Benefits of International Business ExperienceThe Benefits of International Business Experience
The Benefits of International Business Experience
 

Recently uploaded

2024: The FAR - Federal Acquisition Regulations, Part 36
2024: The FAR - Federal Acquisition Regulations, Part 362024: The FAR - Federal Acquisition Regulations, Part 36
2024: The FAR - Federal Acquisition Regulations, Part 36
JSchaus & Associates
 
2024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 382024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 38
JSchaus & Associates
 
kupon sample qurban masjid indonesia terbaru.pptx
kupon sample qurban masjid indonesia terbaru.pptxkupon sample qurban masjid indonesia terbaru.pptx
kupon sample qurban masjid indonesia terbaru.pptx
viderakai
 
2024: The FAR - Federal Acquisition Regulations, Part 37
2024: The FAR - Federal Acquisition Regulations, Part 372024: The FAR - Federal Acquisition Regulations, Part 37
2024: The FAR - Federal Acquisition Regulations, Part 37
JSchaus & Associates
 
一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单
一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单
一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单
ehbuaw
 
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Congressional Budget Office
 
NHAI_Under_Implementation_01-05-2024.pdf
NHAI_Under_Implementation_01-05-2024.pdfNHAI_Under_Implementation_01-05-2024.pdf
NHAI_Under_Implementation_01-05-2024.pdf
AjayVejendla3
 
ZGB - The Role of Generative AI in Government transformation.pdf
ZGB - The Role of Generative AI in Government transformation.pdfZGB - The Role of Generative AI in Government transformation.pdf
ZGB - The Role of Generative AI in Government transformation.pdf
Saeed Al Dhaheri
 
Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023
ARCResearch
 
Get Government Grants and Assistance Program
Get Government Grants and Assistance ProgramGet Government Grants and Assistance Program
Get Government Grants and Assistance Program
Get Government Grants
 
Russian anarchist and anti-war movement in the third year of full-scale war
Russian anarchist and anti-war movement in the third year of full-scale warRussian anarchist and anti-war movement in the third year of full-scale war
Russian anarchist and anti-war movement in the third year of full-scale war
Antti Rautiainen
 
Transit-Oriented Development Study Working Group Meeting
Transit-Oriented Development Study Working Group MeetingTransit-Oriented Development Study Working Group Meeting
Transit-Oriented Development Study Working Group Meeting
Cuyahoga County Planning Commission
 
State crafting: Changes and challenges for managing the public finances
State crafting: Changes and challenges for managing the public financesState crafting: Changes and challenges for managing the public finances
State crafting: Changes and challenges for managing the public finances
ResolutionFoundation
 
Donate to charity during this holiday season
Donate to charity during this holiday seasonDonate to charity during this holiday season
Donate to charity during this holiday season
SERUDS INDIA
 
PD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptx
PD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptxPD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptx
PD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptx
RIDPRO11
 
快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样
快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样
快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样
850fcj96
 
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdfPNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
ClaudioTebaldi2
 
Understanding the Challenges of Street Children
Understanding the Challenges of Street ChildrenUnderstanding the Challenges of Street Children
Understanding the Challenges of Street Children
SERUDS INDIA
 
Uniform Guidance 3.0 - The New 2 CFR 200
Uniform Guidance 3.0 - The New 2 CFR 200Uniform Guidance 3.0 - The New 2 CFR 200
Uniform Guidance 3.0 - The New 2 CFR 200
GrantManagementInsti
 
MHM Roundtable Slide Deck WHA Side-event May 28 2024.pptx
MHM Roundtable Slide Deck WHA Side-event May 28 2024.pptxMHM Roundtable Slide Deck WHA Side-event May 28 2024.pptx
MHM Roundtable Slide Deck WHA Side-event May 28 2024.pptx
ILC- UK
 

Recently uploaded (20)

2024: The FAR - Federal Acquisition Regulations, Part 36
2024: The FAR - Federal Acquisition Regulations, Part 362024: The FAR - Federal Acquisition Regulations, Part 36
2024: The FAR - Federal Acquisition Regulations, Part 36
 
2024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 382024: The FAR - Federal Acquisition Regulations, Part 38
2024: The FAR - Federal Acquisition Regulations, Part 38
 
kupon sample qurban masjid indonesia terbaru.pptx
kupon sample qurban masjid indonesia terbaru.pptxkupon sample qurban masjid indonesia terbaru.pptx
kupon sample qurban masjid indonesia terbaru.pptx
 
2024: The FAR - Federal Acquisition Regulations, Part 37
2024: The FAR - Federal Acquisition Regulations, Part 372024: The FAR - Federal Acquisition Regulations, Part 37
2024: The FAR - Federal Acquisition Regulations, Part 37
 
一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单
一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单
一比一原版(Adelaide毕业证)阿德莱德大学毕业证成绩单
 
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
 
NHAI_Under_Implementation_01-05-2024.pdf
NHAI_Under_Implementation_01-05-2024.pdfNHAI_Under_Implementation_01-05-2024.pdf
NHAI_Under_Implementation_01-05-2024.pdf
 
ZGB - The Role of Generative AI in Government transformation.pdf
ZGB - The Role of Generative AI in Government transformation.pdfZGB - The Role of Generative AI in Government transformation.pdf
ZGB - The Role of Generative AI in Government transformation.pdf
 
Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023Opinions on EVs: Metro Atlanta Speaks 2023
Opinions on EVs: Metro Atlanta Speaks 2023
 
Get Government Grants and Assistance Program
Get Government Grants and Assistance ProgramGet Government Grants and Assistance Program
Get Government Grants and Assistance Program
 
Russian anarchist and anti-war movement in the third year of full-scale war
Russian anarchist and anti-war movement in the third year of full-scale warRussian anarchist and anti-war movement in the third year of full-scale war
Russian anarchist and anti-war movement in the third year of full-scale war
 
Transit-Oriented Development Study Working Group Meeting
Transit-Oriented Development Study Working Group MeetingTransit-Oriented Development Study Working Group Meeting
Transit-Oriented Development Study Working Group Meeting
 
State crafting: Changes and challenges for managing the public finances
State crafting: Changes and challenges for managing the public financesState crafting: Changes and challenges for managing the public finances
State crafting: Changes and challenges for managing the public finances
 
Donate to charity during this holiday season
Donate to charity during this holiday seasonDonate to charity during this holiday season
Donate to charity during this holiday season
 
PD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptx
PD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptxPD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptx
PD-1602-as-amended-by-RA-9287-Anti-Illegal-Gambling-Law.pptx
 
快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样
快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样
快速制作(ocad毕业证书)加拿大安大略艺术设计学院毕业证本科学历雅思成绩单原版一模一样
 
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdfPNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
PNRR MADRID GREENTECH FOR BROWN NETWORKS NETWORKS MUR_MUSA_TEBALDI.pdf
 
Understanding the Challenges of Street Children
Understanding the Challenges of Street ChildrenUnderstanding the Challenges of Street Children
Understanding the Challenges of Street Children
 
Uniform Guidance 3.0 - The New 2 CFR 200
Uniform Guidance 3.0 - The New 2 CFR 200Uniform Guidance 3.0 - The New 2 CFR 200
Uniform Guidance 3.0 - The New 2 CFR 200
 
MHM Roundtable Slide Deck WHA Side-event May 28 2024.pptx
MHM Roundtable Slide Deck WHA Side-event May 28 2024.pptxMHM Roundtable Slide Deck WHA Side-event May 28 2024.pptx
MHM Roundtable Slide Deck WHA Side-event May 28 2024.pptx
 

The Trans-Pacific Partnership Brings Changes to International Trade

  • 2.  A North Grafton, Massachusetts-based policy expert, Paul Andrew devotes his time to thinking, writing, and speaking about public and economic policy. As a specialist in economic policy, Paul Andrew has advised organizations around the world. The Trans-Pacific Partnership, or TPP, is a trade agreement between 12 nations around the Pacific Rim. American proponents of the TPP laud its elimination of certain taxes and trade barriers. When the agreement is ratified, American business owners and farmers will be able to export their American-made goods to the other 11 partnering nations with significantly fewer restrictions.
  • 3.  This expansive trade agreement is further reaching than the WTO. Not limited to the trade of physical goods, the TPP includes provisions for various services, including new regulations for environmental, labor, and intellectual and digital property standards. Opponents of the trade agreement have expressed concerns regarding the power it could give to large corporations over individual consumers. Others are concerned with new regulations governing intellectual and digital property rights, saying they do not offer enough protection. Ratification is not likely occur until after the 2016 election cycle has concluded.