Not just the Pacific, there is also a US-EU trade agreement in the works referred to as the TTIP (Transatlantic Trade and Investment Partnership). Difference is Europeans have been out on the streets protesting against it. Equally secretive behind closed doors negotiations, but enough has leaked out for people to realize that it is a corporate coup for those who find borders and government legislation against their activities cumbersome and which affect their 'bottom lines'.
https://en.wikipedia.org/wiki/Transatlantic_Trade_and_Investment_Partnership
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TPP. Australia holds out on signing., page-10
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