Look Out: TPP About to Bring Next Big Trade Wave

By Jason Marczak, Director, Atlantic Council’s Adrienne Arsht Latin America Center Next week will open a new chapter in global commerce. On March 8, eleven countries will gather in Santiago, Chile, to sign perhaps the most far-reaching multilateral accord in a generation. It’s an agreement that significantly deepens the trade relationship between the Americas and Asia. And one in which the United States will sit on the sidelines. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a game changer in global trade. It covers 14 percent of global gross domestic product and 500 million people. These are much lower numbers than if the United States had stayed in it. But that’s not the point. In the absence of […]