by: Grow VC Group
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There has been no shortage this presidential election of talk of the effects of international trade agreements, and specifically the Trans-Pacific Partnership (TPP).    The TPP has long been a priority of President Obama and is currently awaiting ratification.   Congress granted the President “fast-track” authority, meaning lawmakers can only reject or ratify the finished product without any additions or amendments.  But what is exactly is the TPP?

The TPP is regional trade agreement with the aim of lowering tariffs and fostering trade among the 12 member nations, including: The US, Mexico, Canada, Peru, Chile, New Zealand, Brunei, Sinapore, Malaysia and Vietnam.  Around 18,000 tariffs will be affected in some way after ratification.  This includes a large perecentage of manufactured goods and almost all US farm products. It is still largely up in the air whether or not the TPP will be ratified under President Obama or if lawmakers on both sides of the aisle will elect to wait until after the November election. 

Read more on TradeUp Blog.

TPP countries

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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Sunday, September 4th, 2016 at 4:00 pm and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.