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The Trans-Pacific Partnership (TPP) between 12 Pacific Rim countries has generated the most intensive political debate about the role of trade in the United States in a generation. The TPP is one of the broadest and most progressive free trade agreements since the North American Free Trade Agreement (NAFTA). The essays in this Policy Analysis provide estimates of the TPP's benefits and costs and analyze more than 20 issues in the agreement, including environmental and labor standards, tariff schedules, investment and competition policy, intellectual property, ecommerce, services and financial services, government procurement, dispute settlement, and agriculture. Through extensive analysis of the TPP text, PIIE scholars present an indispensable and detailed "reader's guide" that also sheds light on the agreement's merits and shortcomings.

Selected chapters and sections are provided for preview only. 

Preface

Acknowledgments

Trade Deals Aren't For What You Think They Are For
Adam S. Posen

Overview: Understanding the Trans-Pacific Partnership
Jeffrey J. Schott

1 The Economic Effects of the TPP: New Estimates
Peter A. Petri and Michael G. Plummer

2 Adjustment and Income Distribution Impacts of the TPP
Robert Z. Lawrence and Tyler Moran

3 Tariff Liberalization
Caroline Freund, Tyler Moran, and Sarah Oliver

4 Agriculture
Cullen Hendrix and Barbara Kotschwar

5 Auto Sector Liberalization 
Sarah Oliver

6 Rules of Origin in Textiles and Apparel 
Kimberly Ann Elliott

7 Government Procurement 
Tyler Moran

8 Liberalization of Services Trade
Gary Clyde Hufbauer

9 Financial Services
Anna Gelpern

10 Provisions on Investment 
Theodore H. Moran and Lindsay Oldenski

11 Investor-State Dispute Settlement 
Gary Clyde Hufbauer

12 Dispute Settlement Mechanism
Jennifer Hillman

13 TPP and the Conflict over Drugs: Incentives for Innovation versus Access to Medicines
Lee Branstetter

14 TPP and the Environment 
Jeffrey J. Schott

15 Labor Standards in the TPP
Cathleen Cimino-Isaacs

16 Other New Areas: Customs Administration and Trade Facilitation, Anticorruption, Small and Medium-Sized Enterprises, and More
Caroline Freund

17 TPP and Digital Trade 
Lee Branstetter

18 Competition Policy 
R. Michael Gadbaw

19 Commitments on State-Owned Enterprises
Sean Miner

20 TPP and Exchange Rates
C. Fred Bergsten and Jeffrey J. Schott

Index