The Trans-Pacific Partnership (TPP) received a green light on Monday, Oct. 5, and is destined to become what the New York Times called the "largest regional trade accord in history, a potentially precedent-setting model for global commerce and worker standards that would tie together 40% of the world's economy." However, there are some hurdles to cross.
For starters, there's the U.S. Congress, which could spend months debating the TPP before deciding to approve—or not—the pact. Not to mention dozens of organizations from environmental groups to unions to MoveOn.org that formed a coalition to fight the pact. As far back as Feb. 19, 2015, an article in Manufacturing Technology News outlined what these groups feel is wrong about the deal. Many are still stinging over memories of NAFTA, and how that affected the U.S. economy.
Richard McCormack, editor of Manufacturing Technology News, wrote "even the country's largest teachers union is fighting against adoption of Obama's free-trade agenda. Lorretta Johnson, Secretary-Treasurer of the American Federation of Teachers, said, ‘We have seen how bad trade deals have hurt the U.S. economy, and allowing the administration to negotiate a deal in a veil of secrecy sets a bad precedent and begs the question: What is there to hide? And I remember NAFTA and the impact it had on the public-sector unions: Layoffs, furloughs and all the lost jobs in the public sector.' "