General Discussion
In reply to the discussion: It isn't about education or competitiveness. TPP is about shipping jobs to Vietnam - $5/day. [View all]Hoyt
(54,770 posts)Brookings --
"Conclusion
Globalization is here to stay, and failure to pass TPA or to conclude the TPP will not change this. However, TPP is a key opportunity for the U.S. to continue to determine the terms of globalization and to ensure that its development supports U.S. growth and welfare.
The TPP is an agreement that will support a U.S. economic future that is geared towards innovation in high-end manufacturing and services. The TPP will also underpin a global economic system that is rules-based, consistent with U.S. values, and strengthens the ability of U.S. businesses to compete in TPP markets. Such a system will ensure that the U.S. benefits more fully from the global economyand the opportunities here are significant. Currently, 95 percent of the worlds population lives outside the United States. Global middle-class consumption is projected to grow from $21 trillion in 2009 to over $56 trillion in 2030, with most of the growth happening outside the U.S. in the Asia-Pacific region. [8]
The TPP will also support other strategic goals of the U.S. in the region. As noted, the TPP is a central part of the U.S. rebalancing towards Asia. In this way, the TPP will underpin U.S. alliances with TPP parties such as Japan and Australia and provide opportunities for the U.S. to deepen its relationship with emerging strategic partners such as Vietnam.
Thus, the TPP is an important trade agreement that will produce economic and broader strategic gains for the U.S. The TPP negotiations can be concluded this year but achieving this will require Congress to pass TPA. It is time for Congress to act. "
http://www.brookings.edu/research/opinions/2015/04/09-trade-promotion-authority-trans-pacific-partnership-negotiations-meltzer