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Pacific trade pact aims to boost exports

Australia has been a driving force behind the Trans-Pacific Partnership, but there are concerns about gaps in the trade pact.

FAST FACTS ABOUT THE TRANS-PACIFIC PARTNERSHIP 11:

* The TPP 11 includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

* US President Donald Trump pulled America out of the deal a year ago after describing it as "a continuing rape of our country".

* The TPP was a key policy of the former Obama administration's so-called foreign policy pivot to Asia.

* Some opponents of the TPP fear it opens doors for companies to sue governments for policies that harm their investments. This deal has a controversial investor-state dispute settlement clause.

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* China isn't part of the TPP and is trying to get up a rival deal with seven TPP countries, including Australia, and eight others. The Regional Comprehensive Economic Partnership is much narrower and less ambitious than the TPP.


1 min read

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Source: AAP



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