The Obama administration says the deal will expand global trade and bolster America's leadership in Asia. But critics say the treaty will lead to a lot more disputes like the one in Australia, where powerful interest groups try to use trade rules to overrule democratically elected governments.
The TPP covers a bewildering range of topics. In addition to conventional trade issues like tariff rates, it includes language on labor rights, environmental laws, copyright and patent protections, e-commerce, state-owned enterprises, corruption, and government procurement.
Is the Trans-Pacific Partnership good for anyone else, except elites?