“It’s declassified and made public once it’s agreed to,” Rep. Paul Ryan said of the Trans-Pacific Partnership, which has been under negotiation for six years.
Ryan is whipping votes to pass Trade Promotion Authority (TPA) through the House. TPA, which has already passed the Senate, allows trade deals like the Trans Pacific Partnership (TPP), the Trade in Services Agreement (TISA), and the Transatlantic Trade and Investment Partnership (TTIP) to be fast-tracked through Congress, disallowing amendments and lowering the vote count bar. Ryan remains hopeful that trade promotion authority will be passed next week.
Without Trade Promotion Authority, deals like the TPP, TISA and TTIP likely will not pass through the House and Senate.
"And if we don't get TPA in the next session," Ryan says, "we will have gone twelve years without negotiating a new trade deal." (Ryan appears to be forgetting free trade agreements reached with South Korea and Columbia in 2012, which were seen at the time as a trigger for a larger regional agreement appearing today as the TPP.)
"That means," Ryan continues, "at the dawn of the 21st Century, be it China or Europe, other nations will go around the world writing the rule book for the global economy, instead of America and our allies. It would be a travesty if we allowed that to happen."
"The consequences of not getting trade [promotion authority] at this, the dawn of the 21st Century, at a moment when the global economy is being formed, I think people understand these consequences. It makes the petty political issues of the day pale in comparison."