Assessing the Trans-Pacific Partnership, Volume 1: Market Access and Sectoral Issues

Kimberly Elliott, Caroline Freund (clfreund@ucsd.edu), Anna Gelpern (agelpern@piie.com), Cullen S. Hendrix (chendrix@piie.com), Gary Hufbauer, Barbara Kotschwar, Theodore Moran, Tyler Moran (tmoran@piie.com), Lindsay Oldenski, Sarah Oliver (soliver@piie.com), Peter Petri (ppetri@brandeis.edu) and Michael Plummer
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Anna Gelpern: Peterson Institute for International Economics
Cullen S. Hendrix: Peterson Institute for International Economics
Tyler Moran: Peterson Institute for International Economics
Sarah Oliver: Peterson Institute for International Economics

No PIIEB16-1 in PIIE Briefings from Peterson Institute for International Economics

Abstract: After five and a half years of negotiations, the Barack Obama administration concluded the most ambitious free trade deal of the postwar era on October 5, 2015. The Trans-Pacific Partnership (TPP) is a comprehensive accord that encompasses provisions on lowering barriers to trade and investment in goods and services and also covers critical new issues such as digital trade, state-owned enterprises, intellectual property rights, regulatory coherence, labor, and environment. Like all trade pacts, the TPP elicited praise and criticism from economic interests in the United States and the other 11 participating countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Together the 12 TPP members account for nearly 40 percent of global GDP. For the United States, the TPP countries account for 36 percent of US two-way trade in goods and services.

Date: Written 2016-02
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