On the Big Island of Hawaii beginning Monday, U.S. officials will host trade negotiators from 11 nations spanning Asia and the Americas to work toward completing what could be the most significant trade deal in a generation. Five years in the making, the Trans-Pacific Partnership (TPP) would cover 40% of global gross domestic product and a third of world trade.
Any such deal ultimately will have to make it through the U.S. Congress. In order to prevent lawmakers from amending the agreement and undoing years of international negotiations, Congress will first have to provide President Obama with trade promotion authority, also known as “fast-track,” that allows a yes-or-no vote on the package.
Read the full op-ed in The Wall Street Journal.