Ideally, it would mean a big market where everyone can happily trade. And this is a wet dream for MANY corporations.
North American Free Trade Agreement (NAFTA) was fast-tracked and promised 200.000 jobs - in fact 680.000 jobs closed and moved to cheaper Mexico. Mexican farmers and the environment also suffered, and local communities or countries were sued for eg banning a hazardous waste facility!
TPP 'rigged' trade not 'free' trade - more about TPP and how it would like to 'rig' countries worldwide for the benefit of corporations. The conflict between workers’ rights and “free trade” and more about TTIP.
What are our alternatives?
Alter-globalization and Alternative Trade Mandate that would respect environmental, human rights and labour standards.