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TPP: a breakthrough, yes - but still far from a done deal

Don't break out the champagne just yet. The Trans-Pacific Partnership agreement hammered out on Monday has to be first ratified by the 12 countries' domestic legislatures.

Despite its trade benefits, the TPP is a controversial agreement with many domestic constituencies concerned about the impact upon wages and jobs for blue-collar workers in the member countries.

IN A DRAMATIC, last-minute breakthrough, trade ministers from a dozen countries in the Americas and Asia Pacific reached a deal on Monday to secure a Trans-Pacific Partnership (TPP) agreement. Should it be ratified by domestic legislatures, the landmark deal will represent the biggest regional...

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