The U.S. recently concluded a free trade agreement with countries along the Pacific Rim. It’s the largest and most ambitious free trade agreement of its kind and is estimated to generate thousands of new jobs in America.
The Trans-Pacific Partnership, or TPP, is a multilateral trade agreement with 11 other nations: Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. These nations collectively have a market size of nearly 800 million consumers and account for nearly 40 percent of the world’s gross domestic product.