TPP countries to sign trade agreement

TPP countries to sign trade agreement

Ministers from the 12 Trans-Pacific Partnership countries will meet this week in New Zealand to confirm the wording of the final TPP agreement. The signing of the agreement will begin efforts in each country to approve and ratify the TPP.

The trade agreement is projected to add $225 billion to the global gross domestic product by 2025, and $77 billion to the U.S. GDP. The agreement covers nearly 40% of the global economy, and is expected to boost U.S. agricultural trade by 6% over the next nine years.

TPP is a high priority for the Obama administration and U.S. agriculture. At this time, TPP is expected to be considered by the Congress after the November election.

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