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"Here’s a second example, which demonstrates how strong rules and norms matter in people’s lives. As part of that same trip last November, the President built momentum for a new far-reaching trade agreement called the Trans-Pacific Partnership that we are negotiating with eight other countries in the Asia-Pacific region. This agreement is not just about eliminating barriers to trade, although that is crucial for boosting U.S. exports and creating jobs here at home. It’s also about agreeing on the rules of the road for an integrated Pacific economy that is open, free, transparent, and fair. It will put in place strong protections for workers, the environment, intellectual property, and innovation – all key American values. And it will cover emerging issues such as the connectivity of regional supply chains, the competitive impact of state-owned enterprises, and create trade opportunities for more small-and-medium-sized businesses."