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IIG Trade Finance Insights Archive/Past Editions

Revamped TPP: Winners and Losers
IIG Trade Finance Insights, April 2018

One year after President Trump pulled the U.S. out of the Trans-Pacific Partnership (TPP), its other members have signed the agreement anyway - with a few adjustments.

When it was drafted in October 2015, many were struck by the TPP’s ambition: 12 countries on two sides of the Pacific Ocean; 36% of global GDP; one-third of world trade. This was going to be the largest free trade agreement (FTA) in the world, removing the vast majority of trade barriers between its signatories: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

But despite its ambitious scope and expected benefits...

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