U.S. officials are pushing for an agreement by the end of the year on the secretive Trans-Pacific Partnership, a trade deal described by critics as ”NAFTA on steroids” that would establish a free trade zone stretching from Vietnam to Chile to Japan and encompassing nearly 40 percent of the global economy. Secretary of State John Kerry emphasized the U.S. commitment to the deal during an address to business leaders at the APEC summit in Bali, Indonesia.
John Kerry: “At its core, TPP is about generating growth for our economies and jobs for our people by unleashing a wave of investment and entrepreneurship all across the Asia Pacific. And at a time when we, all of us, seek strong and sustainable growth, TPP is creating a race to the top, not to the bottom.”