How the TPP Could Prevent Currency Manipulation

November 18, 2015

The Trans-Pacific Partnership (TPP) did not deliver strong disciplines against unfair currency practices because other countries would not have signed on to a TPP with such sanctions. Nonetheless, the TPP could still provide important leadership against the trade distorting effects of artificially low exchange rates. Congress will be analyzing the agreement for its ability to discourage currency manipulation and will focus on how the “Joint Declaration of the Macroeconomic Policy Authorities of TPP Countries” will be implemented.

Read Full Article: Link


Topics: MEGA-REGIONAL AGREEMENT CURRENCY MANIPULATION

Regions: ASIA-PACIFIC

Authors: THE DIPLOMAT

In Other News

APEC Leaders Debate Approach to Trade Tensions, WTO Issues at Port Moresby Summit

November 22, 2018

Leaders from 21 Asia-Pacific Economic Cooperation (APEC) economies wrapped up their annual summit this past weekend in Port Moresby, Papua New Guinea, tackling a host of subjects relating to region...READ MORE

EU, South Africa Discuss Options for Closer Economic Ties at Presidential Summit

November 22, 2018

South African leaders met with their European counterparts in Brussels for a presidential summit on 15 November to discuss future opportunities for cooperation, including on economic issues. Discus...READ MORE