In his State of the Union address, President Obama called for “new trade partnerships with Europe and the Asia-Pacific,” an apparent reference to a new trade proposal known as the Trans-Pacific Partnership. Derided as “NAFTA on Steroids” by critics, TPP includes the U.S., Canada, and 10 Asia-Pacific countries. It would likely eliminate tariffs and other trade barriers.

Long negotiated out of public view, TPP is making inroads into public awareness. It will likely make local headlines Friday, when opponents hold a noon rally at Portland’s South Park Blocks, next to Portland State University. The progressive nonprofit advocacy group MoveOn Civic Action  calls TPP a “massive corporate power grab” that will reduce international access to generic medicine, restrict Internet freedom, and weaken environmental and financial regulations.

President Obama and TPP supporters argue that 98 percent of U.S. exporters are small businesses that stand to gain from new trade partnerships.

 

Rebecca Webb
Latest posts by Rebecca Webb (see all)