The U.S. and 11 other countries have reached an agreement on the Trans-Pacific Partnership trade deal.
Trade officials were expected to officially announce the deal Monday in Atlanta, Georgia.
The Wall Street Journal reports For the U.S., the Trans-Pacific Partnership trade agreement opens agricultural markets in Japan and Canada, among other things.
Canada and Japan have agreed to increase access to their dairy markets, allowing some American dairy products in, but New Zealand also persuaded the U.S. to accept more of its milk products.
The deal, however, must be approved by each nation’s government.
The President’s administration must make the text of the deal public at least 60 days before sending it on to Congress.
The Hagstrom Report says House Ways and Means Committee Chairman Paul Ryan stated today “only a good agreement and one that meets congressional guidelines in the newly enacted trade promotion authority will be able to pass the House.”
