Trade deals always produce losers as well as winners, so it is no surprise that there is growing concern that the Trans-Pacific Partnership (TPP) agreement will not be ratified by all 12 member countries. But if it does come into force, the seemingly unshakeable assumption is that the TPP will be the foundation for continued U.S. engagement in Asia, and that it will ensure stability in a region increasingly riven by nationalism, territorial disputes, and militarism.
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