By Julian Pecquet - 08/28/12 08:37 PM EDT
"ITIF believes that it's more important to get the TPP right than to get it done right away," Stephen Ezell, a senior analyst with the foundation and the report's chief author, said in a statement. "This is an opportunity to raise the bar and not merely codify the status quo. It would be a grave mistake for the United States to enter into a weak or substandard trade agreement."
The proposed partnership includes eight nations along with the United States: Brunei, Chile, Singapore, New Zealand, Australia, Peru, Vietnam and Malaysia. Mexico and Canada are also expected to join the talks this fall.