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R44337 – TPP: American Agriculture and the Trans-Pacific Partnership (TPP) Agreement – 8/30/2016

R44337 – TPP: American Agriculture and the Trans-Pacific Partnership (TPP) Agreement – 8/30/2016 published on

Author: Mark A. McMinimy, Acting Section Research Manager
Pages: 18

The Trans-Pacific Partnership (TPP) is a regional free trade agreement (FTA) among 12 Pacific-facing nations-Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam-that was concluded in October 2015.1 The TPP agreement is pending congressional approval, which is required for it to enter into force. If approved, TPP would become the largest FTA in which the United States is a participant. TPP seeks to liberalize trade across a vast range of goods and services, including agricultural products. As such, it could enhance export market opportunities for U.S. food and agricultural products while also raising the level of competition in agricultural markets in North America.

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