MOSCOW -- The era that began with the end of the Second World War is now over. That period was characterized by a relatively orderly and stable system of confrontation. In fact, the end of the Cold War did not mean the emergence of a new order. There was a hope that the main centers of power would establish relations based largely on cooperation. Instead, an attempt was made to build a unipolar world, which predictably failed. To all appearances, the world is now being swept by a wave of turbulence and fierce competition, if not a struggle of all against all.
A free trade agreement (FTA) expands economic opportunity in foreign markets for American workers and businesses, while doing the same for their foreign counterparts in our market. The increased trade improves the overall economy of each country. But, in order to avoid unwanted side effects, modern FTAs do more.
Let's suppose, just for a moment, that you feel like trying a somewhat exotic delicacy beyond the flavorful bounty that your local CSA offers, or that you are experimenting with a recipe that calls for a specific product that does not originate in you area... Immediately, you'd be dealing with the puzzling ebb and flow of international food trade.
The TPP is often talked about as a "high standard," 21st century trade agreement that could reshape the international economic architecture. In reality, the TPP may remain of secondary importance, as just one of many bilateral and regional trade agreements that are subsumed under the broader framework established by the World Trade Organization (WTO).