SAN DIEGO — Subjected to several months of heavy criticism on the presidential campaign trail, supporters of the Trans-Pacific Partnership trade agreement plan to release a report Wednesday on the deal’s projected impact on San Diego and the rest of the U.S.
U.S. Secretary of Commerce Penny Pritzker will join local business leaders for the release of the report.
A coalition of environmental, labor, health, consumer advocacy and rights organization have combined to fight implementation of the 12-nation deal, which has been introduced in Congress but not ratified.
Republican presidential nominee Donald Trump is strongly against the agreement, while his opponent, Democrat Hillary Clinton has backed it in the past but criticized it during the primary campaign. Her Democratic Party primary opponent, Sen. Bernie Sanders of Vermont, was also resolutely opposed to it.
President Barack Obama reiterated his support for TPP at a news conference on Tuesday, calling it an opportunity to expand economies and set equitable trade rules. He acknowledged, however, that globalization and technology advances have not benefited everyone.
The TPP, if it takes effect, would open markets, phase out thousands of tariffs and impose new trade rules that address labor rights and environmental standards on the dozen Pacific Rim nations that signed on.