Even though ratification of the controversial Trans-Pacific Partnership (TPP) has stalled in the US, President Barack Obama said he\u2019s still \u201cconfident\u201d the trade deal will earn the support of Congress.<\/p>\n
“I remain confident we are going to get it done, and the reason I\u2019m confident is because it is the right thing to do. It\u2019s good for the country, it\u2019s good for America, it\u2019s good for the region, it\u2019s good for the world,”<\/em> Obama said during a joint press conference with Vietnamese President Tran Dai Quang in Hanoi.<\/p>\n Leaders signed the 12-nation TPP, which includes the US and Vietnam as members, back in February, but it still requires ratification from each country\u2019s lawmakers before it can go into effect. That process has stumbled, though, as public outcry against international trade deals increases. In the US in particular, all three major-party presidential candidates have come out against the deal.<\/p>\n In Vietnam, Obama reiterated why he believes the TPP is so important, noting that the Asia-Pacific region is the fastest growing part of the world and represents a huge market for the US. He said the TPP would eliminate some 18,000 tariffs that have been placed on American goods sold in Asia.<\/p>\n “I have not yet seen a credible argument that once we get TPP in place we are going to be worse off,\u201d<\/em> he said. \u201cWe are demonstrably better off. American workers and American businesses are better off if we get this deal passed.<\/em>\u201d<\/p>\n