The Trans-Pacific Partnership agreement (TPP) has been signed in Auckland on February 4 by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam. Even as it is touted as the world’s biggest trade deal to date, with signatory countries accounting for more than 50 per cent of global GDP, the TPP still has a …
Trans-Pacific pact may impact exports
The Trans-Pacific Partnership (TPP), or the mega-regional free trade pact led by the U.S. and including 11 other Asia-Pacific countries, is likely to indirectly impact India’s exports in several industrial sectors such as textiles, plastics, leather, clothing, cotton and yarn, besides the country’s regime on investment, labour standards, intellectual property rights (IPR), government procurement and State-owned enterprises (SOE). The TPP …