The fraught politics of the Trans-Pacific Partnership
Ratification and implementation will benefit even the countries that must make larger sacrifices
Last month, 12 countries on both sides of the Pacific finalized the historic Trans-Pacific Partnership (TPP) trade agreement. The scope of the TPP is vast. If ratified and implemented, it will have a monumental impact on trade and capital flows along the Pacific Rim. Indeed, it will contribute to the ongoing transformation of the international order. Unfortunately, whether this will happen remains uncertain.
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