Home
/
RELIGION & LIBERTY ONLINE
/
Explainer: What You Should Know About the Trans-Pacific Partnership Trade Accord
Explainer: What You Should Know About the Trans-Pacific Partnership Trade Accord
Jul 6, 2025 6:26 PM

What is the Trans-Pacific Partnership?

Five years in the making, the Trans-Pacific Partnership (TPP) is a trade agreement between the United States, Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam, Chile, Brunei, Singapore, and New Zealand. The twelve countries in this prise roughly 40 percent of global G.D.P. and one-third of world trade.

The purpose of the agreement, according to the Office of the U.S. Trade Representative, is to “enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.” The agreement could create a new single market for goods and services between these countries, similar to what exists between European countries.

What exactly is a trade agreement?

A trade agreement is a treaty between two or more countries that reduces or eliminates barriers to free trade, such as taxes, tariffs, quotas, or trade restrictions. Three of the mon types of trade agreements the U.S. is involved with are Free Trade Agreements (FTAs), Trade and Investment Framework Agreement (TIFAs), and Bilateral Investment Treaties (BITs).

The United States has FTAs in effect with 20 countries. These tend to be expansions or additions to other agreements, such as World Trade Organization (WTO) agreement. TIFAs provide frameworks for governments to discuss and resolve trade and investment issues at an early stage while BITs help protect private investment, develop market-oriented policies in partner countries, and promote U.S. exports.

Which goods and services are affected?

Almost everything. Tariffs will be immediately eliminated or reduced on nearly all agricultural products, industrial goods, and most textiles and clothing.

TPP will also provide mutual recognition of many regulations, including an exclusivity period for biologic drugs, which are derived from living organisms, and patent protection for pharmaceuticals.

What are the arguments in favor of TPP?

Some of the benefits outlined by the Obama administration are:

By eliminating over 18,000 taxes—in the form of tariffs—that various countries put on Made-in-America products, TPP makes sure our farmers, ranchers, manufacturers, and small businesses pete—and win—in some of the fastest-growing markets in the world. With more than 95 percent of the world’s consumers living outside our borders, TPP will significantly expand the export of Made-in-America goods and services and support American jobs.

Free trade also tends to increase economic growth, reduces global poverty and hunger, and leads to better treatment of the environment.

Free trade also has national security implications. As Nobel-winning economist Thomas Schelling said, “Trade policy can be civilized or disorderly, US trade policies can antagonize governments, generate resentment in populations, hurt economies, influence the tenure of governments, even provoke hostilities . . . Trade is what most of international relations are about. For that reason trade policy is national security policy.”

What are the arguments against TPP?

The main opposition to the es from the political left. For example, labor organizations such as the AFL-CIO argue that it will lead to additional outsourcing of U.S. jobs. Communications Workers of America President Chris Shelton called the pact “a bad deal for working families munities.”

Some large corporation also oppose the treaty. According to Bloomberg Business, Ford Motor Co. told Congress not to approve the agreement because it “fails to adequately address currency manipulation overseas, which may tip the playing field.”

What happens next?

In June President Obama asked Congress for—and received—“fast-track”, or trade promotion authority. Fast track allows the President to send trade deals to Congress for up-or-down votes. The Senate will not be able to amend or filibuster the treaty.

One of the conditions of this approval is that the President must publish the text of the agreement on the website of the Office of the United States Trade Representative for 60 days.

Before the agreement can take effect a majority of Congress must also implement legislation to bring U.S. laws pliance with the TPP agreement.

Will Congress approve TPP?

It’s too soon to tell. Although this is a legacy-making issue for President Obama, many in his own party are vehemently opposed to the deal.

Why should Christians care about TPP?

Even if the political left is right about the effect on labor within the U.S., these types of trade agreements tend to benefit our poorest neighbors across the globe. As Walter Russell Mead says,

These deals allow desperately poor people in other countries to escape lives of rural poverty, tenant farming, or utter urban destitution for factory jobs. And however poorly paid these jobs may initially be, and however polluting and dangerous the factories may be, they do give the global poor a chance to get a foot on the bottom rung of the economic ladder.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Potty-Mouthed President
The amount of media attention over the past week’s devoted to President Bush’s utterance of a “naughty” word has been incredible. Maureen Dowd uses it as just one more bit of proof supporting her depiction of the president as a frat-boy, who “has enshrined his immaturity and insularity, turning every environment he inhabits — no matter how decorous or serious — into fortable frat house.” She writes, “No matter what the trappings or the ceremonies require of the leader of...
Taking Games Seriously
An article in yesterday’s NYT, “Saving the World, One Video Game at a Time,” by Clive Thompson, gives a good overview of the current trend in the video game industry, especially by nonprofits and activist groups, to create “serious games,” a movement which “has some serious brain power behind it. It is a partnership between advocates and nonprofit groups that are searching for new ways to reach young people, and tech-savvy academics keen to explore video games’ educational potential.” “What...
Original Sin
Headline: It’s a Sin to Fly, Says Church Actually, "It’s a Sin to Fly, Screams Headline" would be more appropriate. Here’s what the Church (or rather, the Bishop of London) actually says: “Making selfish choices such as flying on holiday or buying a large car are a symptom of sin. Sin is not just a restricted list of moral mistakes. It is living a life turned in on itself where people ignore the consequences of their actions.” I think there’s...
Environmental News Roundup
Juliet Eilperin, “Bush Pollution Curbs Are Rated Equal to Clinton’s: Science Panel Says Proposed Cap-and-Trade System Will Help Clean Air,” Washington Post, July 24, 2006: The report from the National Academy of Sciences, released yesterday, represents the latest effort to assess how best to reduce air pollution estimated to cause as many as 24,000 premature deaths each year. The panel concluded that an earlier Bush plan would have allowed pollution to increase over a dozen years, but it found that...
Secular Universities in Decline?
In his New York Times column this week, Peter Steinfels has an insightful analysis of an intriguing and provocative new book by C. John Sommerville, The Decline of the Secular University. Those who study the history of American academia are familiar with the story of the secularization of universities as recounted expertly by Christian scholars such as George Marsden (The Soul of the American University) and James Burtchaell (The Dying of the Light), who decry the shunting of religion from...
Seek Dignity? Then, “You Gotta Shake Your MoneyMaker”
The Super MoneyMaker Pressure Pump No, we’re not talking about Elmore James’ Blues hit covered by the likes of George Thorogood, Fleetwood Mac and The Black Crowes nor its racy subject matter. Rather, it’s how members of the other oldest profession in Kenya and Tanzania power the irrigation pumps that extend both their growing season and range of crops. This foot-powered move beyond subsistence farming to much more profitable harvests, such as vegetables, is facilitated by the aptly named MoneyMaker series...
Connect the Energy Dots…
Today’s NYT editorializes: “a country that consumes one-quarter of the world’s oil supply while holding only 3 percent of the reserves will never be able to drill its way to lower oil prices, much less oil independence.” You’ll often hear plaint that Americans use more than their fair share of the world’s oil. We’re addicted to it, some say. After all, so goes the reasoning, we have less than one-half of one percent of the world’s population, but we “consume...
More on Secularism and Universities
Just a brief note addition to Kevin’s post: the free article from May’s Touchstone magazine is Terence O. Moore’s feature, “Not Harvard Bound.” A key quote: The elite schools no mand the reverence and deference of red-state America. The parents and students of “flyover country” are starting to put their money where their morals are or where they believe truth is. There’s a discussion of Moore’s article at Touchstone‘s reader discussion site, Treaders. HT: Mere Comments ...
Beyond Black and White: New Realities of Race In America – BUMPED: Video now available
Anthony Bradley delivers his remarks last Wednesday The 2006 Acton Lecture Series continued today with Anthony Bradley’s presentation of Beyond Black and White: New Realities of Race In America. Mr. Bradley is an Acton research fellow and assistant professor of Apologetics and Systematic Theology at Covenant Theological Seminary in St. Louis, Missouri. His lecture describes the new market trends which reflect the changing demographics in America. With a decline in population amongst whites, a stagnated black population, and the ever-increasing...
Federal Funding for the Humanities
Hunter Baker, blogging at his new home on the American Spectator Blog (recently added to our blogroll), responds to a post by James G. Poulos, which emphasizes President Bush’s “proposed emphasis on math and science education, to the patent detriment of the humanities.” Says Baker, “Although I am a faithful disciple of the humanities, I often fort in the fact that the majority of students won’t have much exposure to the offerings on hand. Better they remain busy with their...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved