An Assessment of the Trans-Pacific Partnership: Market Access and Sectoral Issues

The Peterson Institute released a new PIIE Briefing, Assessing the Trans-Pacific Partnership: Market Access and Sectoral Issues, on February 2, 2016. After months of partial information and some unfounded characterizations about the Trans-Pacific Partnership (TPP) in the public sphere, the Institute has amassed a rigorous analysis of some of the most important issues in what would be the world's largest regional trade agreement, and the first major trade agreement of the 21st century. The authors thoroughly examine what the specific aspects of the agreement mean for governments, businesses, and ultimately for workers and households in the United States and abroad.


February 2, 2016, 3:00 AM EST
Peterson Institute for International Economics, Washington, DC

Event Summary

This collection of essays and the speakers include:

  • Senior Fellow Jeffrey J. Schott on the overall structure of the trade deal;
  • Senior Fellow Caroline Freund on tariff liberalization and the auto sector;
  • Reginald Jones Senior Fellow Gary Clyde Hufbauer on services liberalization and investor-state dispute settlement; and
  • Kimberly Ann Elliott, Center for Global Development, on the rules of origin in the textile and apparel sector.

PIIE president Adam S. Posen will conclude the event with a recap of the broader growth issues at stake in the timely approval and implementation of TPP for the United States and for the world economy.

This report is part of the Institute's major commitment to give an independent and comprehensive analysis of the TPP agreement as a basis for fair public debate and reasoned review in the Congress. It comes close on the heels of Peter Petri and Michael Plummer's completely renewed quantitative assessment of the sectoral and growth impact of TPP, updated to take the agreement's specific provisions into account. A further in-depth PIIE Briefing will follow in March, analyzing new trade and economic issues in TPP, including intellectual property, labor and environmental standards.