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Obama Administration Gives up on TPP

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

In what could be described as the cherry on top of a rough week for the Obama administration, White House officials said Friday that the Trans-Pacific Partnership (TPP) agreement would not be pushed in the lame-duck session of Congress.

Matthew McAlvanah, a spokesman for U.S. trade representative Mike Froman, told The Wall Street Journal that Republican congressional leaders had made it clear that the landmark 12-nation trade deal, signed in New Zealand in February after seven years of negotiations, would not be considered during President Obama’s remaining time in office.

“Ultimately it is a legislative process and the final step is for Congress to take,” he said.

Read more at Sourcing Journal.

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