Trans-Pacific Partnership agreement (TPP)

October 06, 2015

The Trans-Pacific Partnership agreement (TPP), which promises significant trade liberalization and investment protection, is finally agreed.

After 10 years of negotiations, trade ministers from 12 Pacific Rim countries representing 40% of the world’s economy and one-third of global trade have reached a trade agreement, referred to as the Trans-Pacific Partnership (TPP) treaty, which will, if approved, help to promote economic growth in the Asia-Pacific region in the 21st century. The treaty liberalizes trade in sectors ranging from agriculture to pharmaceuticals, and incorporates an investment chapter which provides important substantive and procedural protections for investment flows within the TPP trade bloc.

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