5 Risks Associated with the Trans Pacific Partnership Deal
The Trans Pacific Partnership (TPP) is designed to promote trade between 12 countries; Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. The TPP aims at trade liberalization in goods and services, including the reduction of over 18,000 specific tariffs. Of particular interest to the U.S. are the reduction of tariffs on agricultural products, lower barriers in services, and intellectual property (IP) protections. Despite the benefits of access to new markets and increased trade, there are still risks associated with the TPP.


