WASHINGTON (AP) – Officials have released details of a sweeping Pacific Rim trade deal, setting the stage for a raucous debate in Congress.
Among the questions it poses: Will the pact promote U.S. exports and jobs? Or will it expose more American workers to low-wage competition and give multinational corporations too much power?
The United States reached an agreement Oct. 5 on the Trans Pacific Partnership with 11 other Asia-Pacific countries.
A member of the TPP, New Zealand, released the complete text on its foreign ministry website Thursday. The move makes public the details of an agreement that critics complained had been forged in secrecy.
Under law, President Barack Obama must give the public time to review the text before he signs the agreement and turns it over to Congress for approval.
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