Good Trade Intentions Gone Bad
The US should be having a full and open debate about the controversial Trans-Pacific Partnership, because the provisions of the 12-country agreement on trade and investment will have important consequences for Americans and their partners. Unfortunately, the Obama administration has opted for secrecy.
WASHINGTON, DC – The debate in the United States about trade has taken an unfortunate turn. Instead of discussing the detailed issues on their merits, President Barack Obama’s administration has chosen to emphasize the need for fast-track procedures (also known as trade promotion authority, or TPA) to negotiate any trade agreement. The administration may win that fight, but there could be real damage as a result.
The current battle is over the precise content of the Trans-Pacific Partnership, a complex 12-country free-trade agreement. Unfortunately, the TPP’s provisions remain secret – meaning that it cannot be seen or discussed by members of the public. (Members of Congress may read the technical text, under restricted conditions, but are not allowed to describe its contents in detail.)
Anyone who raises legitimate concerns about any aspect of the TPP deal is immediately branded “protectionist.” The line from the White House is: TPP will lower barriers to US exports, and thus increase jobs and wages. Everything else, in this view, is a distraction.
We hope you're enjoying Project Syndicate.
To continue reading, subscribe now.
Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
Already have an account or want to create one? Log in