Trans-Pacific Partnership (TPP) is Sealed!

A significant development in the history of international trade. The US, Japan and 10 other Pacific rim countries have signed a controversial and sweeping trade agreement that covers about 40% of the world economy. The Trans-Pacific Partnership (TPP) will create a new economic bloc with reduced trade barriers between the 12 nations involved.

The agreement still needs to be ratified by lawmakers in each country covered by the TPP, but the impact on the nature and extent of international trade between the parties will undoubtedly be significant in the longer-term.