Abstract
The massive new International Trade Commission (ITC) report on the Trans-Pacific Partnership (TPP) is a deep and high-quality study. The report describes the key economic gains to be achieved by the TPP, while acknowledging certain inevitable costs. It emphasizes the importance of new rules on the digital economy and global markets in services, and benefits for agriculture, advanced manufacturing, and more generally the advantages for smaller companies. And it recognizes important new mechanisms to level the international playing field on labor, environmental, and currency issues.