November 18, 2014
Trading Up
Looking ahead to the next Congress, Republicans on Capitol Hill see trade as one issue where they actually, maybe, possibly might be able to compromise with the White House. In fact, it’s many of Obama’s fellow Democrats who have expressed opposition to the proposed Trans-Pacific Partnership (TPP), which, if signed, would bring the United States into a new economic pact with 11 Asia-Pacific countries. (“NAFTA on steroids,” some have called it, and not admiringly.)
While the politics of the potential deal remain uncertain, the scale of it is clear: huge. Together, the TPP member countries would account for roughly 40 percent of global GDP and one-third of worldwide trade. On a trip to Asia and Australia last week, President Obama called the potential agreement “a historic achievement.” The stakes are high, and the potential enormous. But what might we be overlooking or failing to anticipate? Politico Magazine asked leading thinkers around the country to tell us the biggest unintended consequence of the agreement—whether the implications for 2016 presidential politics, domestic reform in China or marine fisheries—and here’s what they told us.
Read the full article at POLITICO.
More from CNAS
-
Sharper | Securing America’s Defense Industrial Base
Commentary
Six months of war with Iran has depleted America’s munitions capacity, leaving stockpiles of interceptors and precision weapons dangerously low and demand above the replacemen...
By Cadence Barker & Charles Horn
-
Japan’s New CIA Could Be Takaichi’s Trump Card
Commentary
Intelligence reform may generate fewer headlines than higher defense spending, new missiles, or arms deals, but it represents another consequential way Tokyo is assuming great...
By Derek Grossman
-
Bloomberg Economics' Becca Wasser and Dina Esfandiary Talk Iran Conflict
Podcast
With President Trump set to meet Gulf leaders on the sidelines of this week’s UN meetings, the Iran war is likely to take center stage. Houthi attacks in Saudi Arabia and risi...
By Becca Wasser
-
Big Take: The Real Costs of the U.S. Iran Blockade
Congressional Testimony
On today's Big Take podcast, Bloomberg Global Defense Editor Gerry Doyle and Bloomberg Economics Defense Lead and adjunct senior fellow at the Center for a New American Securi...
By Becca Wasser
