Canadian Prime Minister Justin Trudeau on Tuesday said the 11
TPP participating countries were able to thresh out their outstanding issues, resulting in the conclusion of talks on what is now known as the Comprehensive and Progressive Agreement on
TPP.
The
TPP aims to eliminate tariffs on industrial and farm products across a bloc whose trade totaled $356 billion last year.
Furthermore, while the book recognizes the central role of the United States in the
TPP and explains strategies for getting the agreement to be ratified, the world has already witnessed the decision to repeal the
TPP coming from the Executive Office of the President itself.
Cooperation to develop cross-national production and supply chain systems among
TPP members.
Now, according to Rich, those protections do not have to be extended to US-based companies' IP rights - and if the
TPP falls apart, will not be required in some of the member states at all.
Japanese Diet [The National Diet is Japan's bicameral legislature] actually ratified the
TPP in November 2016 (being the first country to do so), but it was rather a symbolic action given the current position of the new US government.
At this point, it no longer makes sense for the Philippines to pursue membership in the
TPP.
With support for the
TPP uncertain, even though Japan's main house of Parliament already ratified the deal, Abe may find himself outmaneuvered by Xi in terms of economic initiatives.
Japan recently ratified the
TPP in anticipation of a Hillary Clinton victory.
Also, with President Obama's potential successors and key congressional players opposing the
TPP, the deal in the works for more than a decade, may be muted by the politics of the frenzied American election.
The site also declares ratifying the
TPP will mark America as a global leader, "The rules of the road are up for grabs in Asia.
Cambodia has an open trade policy and I think it's much easier for it to agree to the terms of the
TPP that are already in the agreement," she said.
