Obama administration releases text of TPP trade deal
- 9 years ago
Washington The Obama administration released early Thursday the full text of the highly anticipated Trans-Pacific Partnership trade deal , kicking off a 90-day period for congressional review.
Opponents of the deal contend that it will cause overseas job losses and depress wages, since U.S. businesses will be better able to take advantage of low wage workers in developing economies.
If passed by Congress, the TPP would rank as one of President Barack Obama's major second-term policy accomplishments and a signature part of his legacy.
But pursuit of the deal has made strange political bedfellows, as Obama had to join forces with congressional Republicans to secure fast-track authority for the deal, which prevents filibusters or amendments during the 90-day review period.
Opponents of the deal contend that it will cause overseas job losses and depress wages, since U.S. businesses will be better able to take advantage of low wage workers in developing economies.
If passed by Congress, the TPP would rank as one of President Barack Obama's major second-term policy accomplishments and a signature part of his legacy.
But pursuit of the deal has made strange political bedfellows, as Obama had to join forces with congressional Republicans to secure fast-track authority for the deal, which prevents filibusters or amendments during the 90-day review period.