The Miami Herald cites a new Atlantic Council report, Bridging the Pacific: The Americas’ New Economic Frontier?
A new Atlantic Council study says that failure to win approval for the proposed Trans-Pacific Partnership would be a “serious geopolitical and commercial setback” for the United States and Latin America.
The United States and 11 Pacific Rim countries, which represent 40 percent of the world’s economy, are currently negotiating the trade and investment liberalization pact. But its prospects are unclear.
Chief negotiators for the member nations — the U.S., Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam — are currently trying to iron out market access and rules.