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Main » 2015 » October » 6 » US creates Trans-Pacific Partnership "against" China
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US creates Trans-Pacific Partnership "against" China
 
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Following the talks, which lasted about six years, the United States, together with Australia, Brunei, Vietnam, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, Chile and Japan have created a Trans-Pacific Partnership. TTP involves the creation of a free trade area in the Asia-Pacific region, which will cover about 40% of global GDP and about 30% of world trade.

 

 

The agreement was the largest US trade agreement since 1994, after the signing of the agreement on the establishment of the United States North American Free Trade Agreement (NAFTA) with Canada and Mexico.

Members of the partnership will be able to conduct free trade in most goods and significantly lower tariffs on other products. It is estimated that the abolition of the order will be subject to 18 thousand duties on US goods.The regulation does not only cover the fees and rates, and the regulation of intellectual property rights.

The main objective is trying to strike the US - this is China, which claims to dominance in the Asia-Pacific region. In addition, the creation of this partnership - one of the main goals of the American president. In fact, bright development of trade and investments cover the creation of a platform for lobbying the interests of certain influential groups in the participating countries.

Obama is very likely not be able to smoothly carry out the agreement through Congress need to endure the opposition, but in the end the agreement is signed - is not in doubt.

Source

According to the materials of Alpari

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