Former USTR Comes Out Against TPP -- Though Not Necessarily For The Best Reasons
People who have worked for the USTR tend to pretty religiously support any and all new trade agreements, so it seems somewhat noteworthy that the former USTR, and now Senator, Rob Portman, has come out against the TPP agreement, saying that he doesn't think that it's a good deal. There are, of course, a number of caveats here that potentially make this at least slightly less of a big deal than it might otherwise be. Specifically:
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- There's a pretty good chance he's doing this purely for political reasons. He's in a tight re-election campaign for the Senate, and his opponent has been quite opposed to basically any trade deal including the TPP -- and many Ohio residents (i.e. voters) believe (rightly or wrongly) that trade deals mean fewer manufacturing jobs. Portman was also a big proponent of pushing through "Trade Promotion Authority" or fast track, which was seen as a sort of proxy vote on TPP, because it would bind Congress's hands to just an up/down vote on the TPP, without any ability to push back on particular aspects of the agreement. And, Portman also made it clear he could change his mind if the TPP was "improved."
- Some of the reasons he's given seem to track with those of Senator Orrin Hatch, in complaining that the TPP doesn't go far enough in expanding intellectual property rights, mainly for big pharmaceutical companies (specifically data exclusivity rules around "biologics.")
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