The document summarizes the Trans-Pacific Partnership Agreement (TPP) which was concluded by 12 countries in October 2015. Key features of the TPP include comprehensive market access by reducing tariffs and non-tariff barriers, addressing new trade issues like the digital economy, and establishing the agreement as a platform for regional economic integration. The 30-chapter agreement covers areas like trade in goods and services, investment, environmental and labor protections, and establishes rules for determining whether goods qualify for preferential tariff treatment based on their origin. Overall, the TPP aims to promote trade, investment, and economic growth across the Asia-Pacific region through high standard rules and liberalization of markets.
The document summarizes the Trans-Pacific Partnership Agreement (TPP) which was concluded by 12 countries in October 2015. Key features of the TPP include comprehensive market access by reducing tariffs and non-tariff barriers, addressing new trade issues like the digital economy, and establishing the agreement as a platform for regional economic integration. The 30-chapter agreement covers areas like trade in goods and services, investment, environmental and labor protections, and establishes rules for determining whether goods qualify for preferential tariff treatment based on their origin. Overall, the TPP aims to promote trade, investment, and economic growth across the Asia-Pacific region through high standard rules and liberalization of markets.
