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Laurel Delaney

What Is the Trans-Pacific Partnership (TPP)?

By August 29, 2011

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Chicago Big John Hancock

The Trans-Pacific Partnership (TPP) is currently being negotiated among the U.S. and eight other partners: Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam. And the next meeting takes place in Chicago (pictured) in September.

Organized labor has concerns about this deal and other pending free trade agreements Congress may be considering later this year.

The purpose of TPP is to serve as a pathway to Asia-Pacific regional economic integration which will help support the creation and retention of jobs in the United States and the other TPP countries.

As quoted in the Chicago Sun Times blog post by Lynn Sweet, "Chicago hosting Obama White House international trade meeting in September:"

"Labor, environmental, public health, consumer and community advocates from Chicago and beyond will also be present to demand a "Fair Deal or No Deal," the Citizens Trade Campaign said in a memo issued on Friday. Labor organizations are major members of the group.

We've written about the importance of Free Trade Agreements in the past. They serve to improve foreign market access for exporters, promote economic growth and create jobs.

Photo courtesy 2011 Laurel Delaney, licensed to About.com, Inc.

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