Some prominent tech companies have registered their opposition to the proposed Trans-Pacific Partnership (TPP) trade deal that would govern trade in the Asia-Pacific region.
The agreement would involve Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. It would have potentially enormous impact on the U.S. economy – with The Washington Post reporting it would govern 40 percent of U.S. imports and exports, and would eliminate tariffs and change current regulations. It targets such wide areas as intellectual property, copyright, health, pharma and the creative arts. For instance, the U.S. movie industry wants to see stronger intellectual property laws in the TPP.