The Trans-Pacific Partnership: Setting the Standard and Raising the Bar

The Trans-Pacific Partnership (TPP) provides new market access in traditional trading areas, generates greater certainty for U.S. exporters to emerging markets, and builds competitiveness in the innovation economy. Although the TPP is far from perfect, it will help U.S. businesses compete and prosper in new markets and will consolidate U.S. rebalancing to Asia. These gains will all depend on whether the agreement is ratified by the United States through approval by Congress and by other countries through their own procedures.