All such Free Trade Agreements are just bourgeois efforts to expand their domination further. And it has its effects. Certainly those effects are far beyond what neoliberal propaganda says. Some products will be cheaper but some people will lose their jobs.
It's far from the "end-game". Their effort is too eliminate barriers worldwide. But neither China nor whole Africa aren't interested to join such deal.
"Property is theft."
Pierre-Joseph Proudhon
"the system of wage labor is a system of slavery"
Karl Heinrich Marx