- Published: Friday, 17 July 2015 12:34
Since WikiLeaks released documents revealing secret trade negotiations for the Trans-Pacific Partnership between the US, East Asia, and other Pacific Rim nations in 2013, response from stakeholders and policy organizations has escalated. Now, congress is ready to grant President Obama Trade Promotion Authority (also called fast track authority) to give the White House greater negotiation power to finalize a deal.
TPP has gained notoriety as a much lamented agreement that involves revitalizing and revolutionizing trade agreements between signatories covering many industries, and will especially affect service and labor. As part of his pivot towards Asia, the deal comprises 40% of the global economy and is the Obama administration's flagship trade deal, arguably the most important globalization effort since NAFTA.
Conducting a negotiation in secret is hardly the way to get stakeholders, much less the general public, on board with your agenda. Moreover, globalization efforts rarely generate public support, and this particular endeavor in a post-WikiLeaks world has drawn widespread skepticism.