Today's Cato Online Forum essay takes a look under the hood -- or, rather, describes what should be under the hood -- of a Transatlantic Trade and Investment Partnership deal, if it is to succeed at minimizing trade diversion and spreading its benefits to third countries. In her essay, Inu Barbee explains why today's globalized value chains necessitate smart rules of origin and inclusive regulatory standards in the TTIP. Read it. Comment. And register to see and hear more at Cato's TTIP conference on October 12.