The Trans-Pacific Partnership: What Happens Now? ( Source- The National Interest / Author- James M. Lindsay)
Image credits- Wikimedia Commons / White House Source- National Interest Author- James M. Lindsay The Obama administration yesterday released the full text of the Trans-Pacific Partnership (TPP), arguably the “largest regional trade accord in history.” The release, coupled with Obama’s statement that he intends to sign the deal, triggers two of the timelines set up by Trade Promotion Authority (TPA) legislation that Congress passed back in June. The first is the ninety-day clock. TPA requires the president to wait ninety days after announcing his intent to sign a trade deal before actually signing it. So while the United States and its eleven negotiating partners announced exactly one month ago that they had struck a deal, it’s still awaiting signatures. Indeed, the text is still being translated into French (for Canada) and Spanish (for Chile, Mexico, and Peru), and the lawyers might still make some technical corrections. The second timeline is a sixty-day clock.