By Zachary Wahab-Cheek, Postgraduate Student, London School of Economics and Political Science Don Lavoie Fellow, Mercatus Center at George Mason University

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In 2009, the United States made a commitment to begin negotiations toward the establishment of a free-trade agreement (FTA) among itself and several Asia- Pacific area nations. By removing trade barriers such as tariffs for key sectors and by modernizing trade frameworks to address twenty-first-century technologies, the Trans-Pacific Partnership (TPP), as it was called, was set to usher in a new framework for American economic policy.

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