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Big Island Hosting 11 Nations: Trans-Pacific Partnership Meeting Begins

Eleven nations will be meeting tomorrow here on the Big Island at an undisclosed location  to work on passing the Trans-Pacific Partnership (TPP).

Leaders of TPP member states and prospective member states at a TPP summit in 2010.

Leaders of TPP member states and prospective member states at a TPP summit in 2010.

U.S. failure to pass a trans-Pacific agreement would leave a political vacuum for China to fill.

Beginning tomorrow on the Big Island of Hawaii, U.S. officials will host trade negotiators from 11 nations spanning Asia and the Americas to work toward completing what could be the most significant trade deal in a generation. Five years in the making, the Trans-Pacific Partnership (TPP) would cover 40% of global gross domestic product and a third of world trade.

Any such deal ultimately will have to make it through the U.S. Congress. In order to prevent lawmakers from amending the agreement and undoing years of international negotiations, Congress will first have to provide President Obama with trade promotion authority, also known as “fast-track,” that allows a yes-or-no vote on the package.

The remainder of this Wall Street Journal opinion piece can be found here: A Trade Deal With a Bonus For National Security