Perspective
Oct. 8, 2015
Trade pact is about more than lower tariffs
Trade agreements like the Trans-Pacific Partnership are not just about lower tariffs - they are broad exercises in global governance. By Simon Lester
On Monday, after an intense few days of negotiations, government officials from the
United States and 11 other countries from the Pacific region announced the conclusion
of the Trans-Pacific Partnership (TPP), a trade deal involving countries making up
almost 40 percent of the world's gross domestic product. Specific details of the agreement
are still lacking at this point (it may be ...
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