This week I want to talk a little about the TPP, or the Trans-Pacific Partnership. If you haven't heard of it, its goal is similar to that of the North American Free Trade Agreement (NAFTA). The stated goal of the TPP is to help promote free trade between the participating countries by reducing tariffs and other trade restrictions and laws. The countries involved in the TPP are the US, Brunei, Canada, Chile, Japan, Malaysia, New Mexico, New Zealand, Peru, Singapore, and Vietnam.

Unsurprisingly, there are people who think that this is a good thing, and there are people who think that this is a bad thing. This deal is one of the Obama Administration's biggest goals, and it has been in negotiations for over five years. They believe that if this deal does not get closed, that the US will lose a lot of its grasp in the Asia Pacific, and that China will be able to gain more influence. If that happened, American businesses would find it increasingly difficult to operate in the region, thereby harming our economy.

In the next couple of posts I will go into more detail as to what exactly some of the issues and benefits of the deal are.