In the News: Trans-Pacific Partnership

On October 13th, 2015, Mortara Center Director Kathleen McNamara discussed the recent Trans-Pacific Partnership trade deal with Georgetown Professor Marc Busch. As a member of the Industry Trade Advisory Committee for the United States Trade Representative and the U.S. Department of Commerce on technical barriers to trade, Busch provided his insight on this comprehensive, modernizing update to international multi-lateral trade deals. He discussed the ways in which trade facilitated through TPP will ultimately help emerging economies expand while providing all member nations with increased market access. He described the way that TPP includes health and safety goals based on science rather than politics and aims towards consistency in production standards that will make exchanges between nations easier. In summary, he concluded that though the legal architecture of the TPP may not be perfect, if it fails to be adopted, trade will fall back on the regulations of an out-of-date, even less perfect option, the WTO.