During House Rules Committee testimony on Wednesday, Rep. Paul Ryan (R-WI) appeared to acknowledge the secrecy surrounding the Trans Pacific Partnership (TPP) by mentioning that the specifics of TPP will be more transparent once the House supports the passage of the Trade Promotion Authority (TPA).
The TPA is “fast-track” authority to advance trade deals including TPP, the Trade in Services Agreement (TiSA), and the Transatlantic Trade and Investment Partnership (T-TIP). If TPA passes Congress would not be able to introduce amendments to trade deals, and would only the authority to approve or reject trade deals from the President.
Supporters of TPP are confident that this partnership and other agreements would serve as a large boost for the economy, while critics worry that major trade deals may favor crony capitalism and compromise sovereignty.
During House Rules Committee discussion regarding the secrecy of trade agreements, Ryan said that the TPP will be “declassified and made public once it’s agreed to.”
Breitbart noted that members of Congress are allowed to read the text of TPP in a secret room within the Capitol, but have not been allowed to see the text of the TiSA and T-TIP.
If TPA is not passed, Ryan warned that “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.”
To read more about TPA, the TPP, and other trade negotiations, click here.