Web Date: February 29, 2016
Trans-Pacific trade pact faces rocky road
Early in February, the U.S. joined other members of the Trans-Pacific Partnership (TPP) to sign the largest regional trade agreement in history. The pact, five years in the making, aims to break down trade barriers between a dozen countries that collectively produce an estimated 40% of the world’s economic output.
But before the agreement can take effect, it must be ratified by at least six countries that account for 85% percent of the combined gross . . .
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