Saturday, February 7, 2015

Five Reasons Congress Should Oppose the TPP

As with previous free trade agreements, the Trans-Pacific Partnership would likely harm rather than benefit American workers, hurt the US economy and not help workers in other countries.

The Trans-Pacific Partnership (TPP), a multilateral trade deal currently being negotiated by the United States and 11 other Pacific Rim countries, would significantly expand the Trans-Pacific Strategic Economic Partnership Agreement, which was ratified in 2005.

Business organizations, Republicans lawmakers and some Democrats favor giving the president "fast track" authority to get any deal reached by the Obama administration approved with limited congressional review under a statutory mechanism known as trade promotion authority.

The president needs Congress to grant him this authority, but lawmakers should oppose fast track on the TPP. As with previous free trade agreements (FTAs), the TPP would likely harm rather than benefit American workers and hurt the US economy.


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