What the TPP means for Latin America and the Caribbean

March 9, 2016

On February 4, 2016, after five years of negotiations, the members of the Trans-Pacific Partnership Agreement (TPP) signed the trade pact, considered to be the highest standard trade agreement to date.[1] The TPP includes not only traditional measures such as the reduction or elimination of tariffs, but also provisions on contemporary topics like trade facilitation, support for small- and medium-sized enterprises (SMEs), telecommunications, trade in innovative services (including digital technologies), issues of regulatory coherence and competitiveness, as well as higher standards on labor and environmental rights, sanitary and phytosanitary standards, and on the protection of intellectual property rights (IPR).

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Topics: ECONOMIC GROWTH MEGA-REGIONAL AGREEMENT REGIONAL INTEGRATION

Agreements: TRANS-PACIFIC PARTNERSHIP (TPP)

Regions: CHINA LATIN AMERICA AND THE CARIBBEAN (LAC) UNITED STATES ASIA-PACIFIC

Authors: ANTONI ESTEVADEORDAL

Publishing Institution: THE BROOKINGS INSTITUTIONS

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