Almost a year after President Barack Obama presented the initiative, negotiations over the Transatlantic Trade and Investment Partnership (TTIP) have made steady progress. But several challenges remain unaddressed while new ones loom on the horizon.
If fast-track legislation were approved by Congress, the president would be able sign the TPP and then send it to Congress for straight up-or-down vote -- with no room for amendments and limited floor debate. If that sounds backwards, it's because it is.
The TPP represents "The largest corporate power grab you've never heard of," concluded Rep. Keith Ellison. Ratification of the trade agreement portends disastrous economic consequences, and the death of "democracy as we know."
Whenever there is an international trade agreement negotiation, Hollywood jumps in, takes over, and starts driving the crazy train off a cliff by demanding all kinds of nonsense in the name of "stopping piracy."
After the failed promises of NAFTA, a job-destroying trade deficit that has burgeoned despite a long series of free-trade agreements, and ever-more-aggressive foreign mercantilism, we're plowing ahead with even more of these agreements.
The Republican-controlled House of Representatives is poised to pass three Wall Street-driven trade deals written by the 1% for the benefit of the 1%, which will further impoverish and disempower the 99%, in the U.S. and abroad.
The United States virtually invented the modern middle class. Today, our exporters must reach out to the global middle class, and our government must assure that foreign trade barriers don't stand in the way.