Adjunct Professor Matt Gold wrote a piece for the HuffPost Politics blog about the Trans-Pacific Partnership, a large free trade agreement that the Obama administration will submit to Congress for approval.
The Congress should approve and implement the TPP for many good reasons.
A free trade agreement (FTA) expands economic opportunity in foreign markets for American workers and businesses, while doing the same for their foreign counterparts in our market. The increased trade improves the overall economy of each country.
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…the Trans-Pacific Partnership will be the largest free trade area ever created outside a political or economic union.
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…this treaty will become a significant strategic asset. Its terms include a process by which new countries can join the partnership. Many significant economies, like Korea, Taiwan, Thailand, Philippines, and Indonesia, have publicly expressed interest.
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Negotiating the TPP was a herculean task. The Congress should perfect that effort by voting to approve it and its implementing legislation, which will allow the Trans-Pacific Partnership to enter into force and stand as one of the great achievements in the history of American economic diplomacy.
