Progress Toward TPP
The Senate’s move toward passage of Trade Promotion Authority (TPA), while approving separate legislation that would seek to deter currency manipulation by trading partners, offers the best route to eventual approval of the Trans-Pacific Partnership (TPP), according to C. Fred Bergsten. Bergsten, a longtime champion of an Asia-Pacific trade accord, and also a longtime critic of currency manipulation practices by China and other countries, analyzes the current state of play on the TPP in Congress in this video recorded on May 15. Prospects for eventual approval of the TPP have improved considerably because of the Senate’s actions, he explains. The outcome is far from clear in the House of Representatives, however.