Keeping his election campaign promise, US President Donald Trump signed the presidential memorandum to withdraw from Trans Pacific Partnership on his very first day in office (23 January). This article presents an overview of developments. What is origin of TPP and what is impact of US withdrawal from it ? TPP began its journey in 2005
The TPP is an economic arm of United States’ Rebalance to Asia Policy. Since India has been an important part of the Asia policy, and is not a signatory to the TPP, there are widespread speculations as to how the TPP will impact India. While several opine that the overall impact is uncertain at this
In 2005, three countries viz. Chile, New Zealand and Singapore came together and created a free trade agreement called Trans-Pacific Strategic Economic Partnership or TPSEP. Later Brunei joined them and it was now also known as P4. From 2010 onwards, there have been discussions to make it more wider, more disciplined free trade agreement to
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