If the idea is "highest [regulatory] standard wins," I doubt the IP provisions of that new deal would be any more palatable to the folks here on HN than the TPP will be.

The "behind closed doors" concern is mostly fake. "Secrecy" is a story line that tests well with folks who don't know how policy gets made in general. For example, the PPACA (aka Obamacare) and Dodd-Frank bills were extensively negotiated in private before being offered on the House and Senate floors for votes. I don't recall much complaining about secrecy then (edit: I mean from Democrats like Senator Warren).

Generally speaking, people object to private negotiations only if they object to the substance of the negotiations.