Congress’ Finance Committee and Ways and Means leaders introduced Trade Promotion Authority (TPA) legislation Thursday, setting the ground rules for how trade deals will get done and giving President Obama authority to negotiate the largest trade deal since the North American Free Trade Agreement (NAFTA), the Trans-Pacific Partnership (TPP). The agreement will also facilitate movement on the in-negotiation Transatlantic Trade and Investment Partnership (T-TIP).
TPP, the proposed trade agreement between the United States, Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, is designed to enhance trade and investment among the partner countries and promote economic growth and development.
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