Trans-Pacific Partnership
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Reuters/Jonathan Ernst

The Trans-Pacific Partnership (TPP), signed in February 2016 but not yet ratified, stands to benefit not only its members but also nonparticipating countries around the world. Its innovative rules governing digital trade, state-owned enterprises (SOEs), environmental policies and other areas, and its positive impact on strategic relations with US allies, will reshape trade relations in the Asia-Pacific region and globally. TPP precedents could also help revive multilateral trade negotiations in the World Trade Organization.

Photo Credit: 
Reuters/Jonathan Ernst