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Showing posts with the label Trans Pacific Partnership

The Trans-Pacific Partnership: What Happens Now? ( Source- The National Interest / Author- James M. Lindsay)

Image credits- Wikimedia Commons / White House Source- National Interest Author- James M. Lindsay The Obama administration yesterday released the full text of the Trans-Pacific Partnership (TPP), arguably the “largest regional trade accord in history.” The release, coupled with Obama’s statement that he intends to sign the deal, triggers two of the timelines set up by Trade Promotion Authority (TPA) legislation that Congress passed back in June. The first is the ninety-day clock. TPA requires the president to wait ninety days after announcing his intent to sign a trade deal before actually signing it. So while the United States and its eleven negotiating partners announced exactly one month ago that they had struck a deal, it’s still awaiting signatures. Indeed, the text is still being translated into French (for Canada) and Spanish (for Chile, Mexico, and Peru), and the lawyers might still make some technical corrections. The second timeline is a sixty-day clock.

India’s TPP Dilemma – Analysis ( Source- Eurasia Review / Author- Geethanjali Nataraj)

Trans Pacific Partnership leaders ( Image credits- Flickr / Wikimedia Commons / Gobierno de Chile) Source- Eurasia Review Author- Geethanjali Nataraj The Trans-Pacific Partnership (TPP) that was agreed to on 5 October 2015 covers almost a third of world trade and 40 per cent of global GDP. By not being part of the TPP, India risks losing out. According to a Center on Global Trade and Investment study, India’s nominal GDP is likely to be trimmed by more than 1 per cent as a result of trade and investment diversion caused by the TPP. The ensuing negative effects on India’s economy by way of revenue and job losses will be large. India is less integrated into the global economy than China, who is also excluded from the TPP. India has a share of only 2.1 per cent in global trade (five times less than China’s) and cannot do with further trade diversion. One reason for China’s current clout is its active integration into the global economy over recent decades. Today it leads