21 Dec 2016
Acronym in full: Trans-Pacific Partnership
Trans-Pacific Partnership (TPP) is a proposed trade agreement under negotiation by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam. The US is now the prime mover in TPP negotiation. Once ratified, the TPP which will eliminate most tariff and non-tariff barriers to trade and investment, will have a huge impact on regional and global economic growth.
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Related term: RTA