It’s a ‘hard sell’ if Biden administration wants to rejoin massive trans-Pacific trade deal, says analyst

It’s a ‘hard sell’ if Biden administration wants to rejoin massive trans-Pacific trade deal, says analyst

Demonstrators protesting against the Trans-Pacific Partnership are seen on Pennsylvania Avenue, in Washington, D.C.Mandel Ngan | AFP | Getty ImagesThe era of trade liberalization is over, and it will be difficult for the incoming Biden administration to re-join the massive trade deal Trans-Pacific Partnership (TPP), according to an analyst at risk consultancy Control Risks.The TPP was a mega trade deal negotiated by former U.S. President Barack Obama and 11 other countries, which excluded China. In its original format, the deal — which was inked in 2016 — would have been the world's largest trade agreement, covering nearly 40% of the global economy.But the TPP was widely criticized in the U.S., and never passed Congress. President Donald Trump eventually pulled the country out of the mega-trade agreement in 2017.Dane Chamorro, a partner at Control Risks, said the "desire is probably there" among the new Biden administration to re-join the trade deal.However, the former U.S. diplomat told CNBC on Monday: "But you have to think that politically, on both sides of the aisle, the idea right now of more trade liberalization is really not very popular.""I think that era has passed, on a multilateral level, I think that era has passed the United