Obama’s Trade Deal With Asia: Not So FastPaul Sracic
Dec. 17 (Bloomberg) -- The free-trade agreement being negotiated by the U.S. and 11 other nations is considered the economic keystone of the Barack Obama administration’s much-vaunted “pivot” to Asia. If successful, the Trans-Pacific Partnership will liberalize a $2 trillion market, reinforce U.S. standing as the lead promoter of “21st century” trade practices, and revolutionize economic relations between the U.S. and its most important ally in the region, Japan.
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