TPP - A High Stakes Trade Deal
This is a screamer of an article on TPP from Linda Yueh. all students taking Econ4 must be aware of what the TPP is and what it might mean for the world economy if the TPP is finalised and completed.
There are numerous barriers in the way. Can the USA and Japan resolve and reduce decades-long and deeply embedded protectionist measures covering farm products and car making? TPP has the potential to boost trade and growth in both countries - but politics and vested interests often get in the way. Watch Linda's video here: http://www.bbc.co.uk/news/business-27122428
Source: Financial Times
A dozen countries are negotiating the Trans-Pacific Partnership (TPP), which if successful, will account for two-fifths of world trade.
Those countries are the US, Japan, Brunei, Malaysia, Vietnam, Singapore, Australia, New Zealand, Canada, Mexico, Chile and Peru.
South Korea has suggested it favours joining the TPP negotiations. China remains outside of the process.