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At the Asia-Pacific Economic Cooperation (APEC) forum last month in China, Barack Obama championed the proposed Trans-Pacific Partnership (TPP) trade agreement, which, if enacted, would be the world’s largest trade agreement, accounting for more than 40 percent of world GDP.
“What we are seeing,” Obama told those in attendance at the APEC summit’s opening session, “is momentum building around a Trans-Pacific Partnership that can spur greater economic growth, spur greater jobs growth, set high standards for trade and investment throughout the Asia-Pacific.”
The other TPP countries (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam) are the largest export market of the United States, accounting for $942 billion or 61 percent of total U.S. goods exports in 2012.
According to the Office of the United States Trade Representative,
When complete, TPP will unlock opportunities for American workers, families, businesses, farmers, and ranchers by providing increased access to some of the fastest growing ...