Definitions for Trans-Pacific Partnership
trans-pacif·ic part·ner·ship

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1. Trans-Pacific Partnership

   The Trans-Pacific Partnership (TPP), also called the Trans-Pacific Partnership Agreement, was a proposed trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States signed on 4 February 2016. After the newly elected US president Donald Trump withdrew the US signature from TPP in January 2017, the agreement could not be ratified as required and did not enter into force. The remaining countries negotiated a new trade agreement called Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which incorporates most of the provisions of the TPP and which entered into force on 30 December 2018. The TPP began as an expansion of the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4) signed by Brunei, Chile, New Zealand and Singapore in 2005. Beginning in 2008, additional countries joined the discussion for a broader agreement: Australia, Canada, Japan, Malaysia, Mexico, Peru, the United States, and Vietnam, bringing the negotiating countries to twelve. In January 2017, the United States withdrew from the agreement. The other 11 TPP countries agreed in May 2017 to revive it and reached agreement in January 2018. In March 2018, the 11 countries signed the revised version of the agreement, called Comprehensive and Progressive Agreement for Trans-Pacific Partnership. After ratification by six of them (Australia, Canada, Japan, Mexico, New Zealand and Singapore), the agreement came into force for those countries on 30 December 2018. The original TPP contained measures to lower both non-tariff and tariff barriers to trade, and establish an investor-state dispute settlement (ISDS) mechanism. The U.S. International Trade Commission, the Peterson Institute for International Economics, the World Bank and the Office of the Chief Economist at Global Affairs Canada found the final agreement would, if ratified, lead to net positive economic outcomes for all signatories, while an analysis using an alternative methodology by two Tufts University economists found the agreement would adversely affect the signatories. Many observers have argued the trade deal would have served a geopolitical purpose, namely to reduce the signatories' dependence on Chinese trade and bring the signatories closer to the United States.

How to pronounce Trans-Pacific Partnership?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

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   Oliver

   British

   Wendy

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   Fred

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   Tessa

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How to say Trans-Pacific Partnership in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Trans-Pacific Partnership in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of Trans-Pacific Partnership in Pythagorean Numerology is: 2

Examples of Trans-Pacific Partnership in a Sentence

1. Senate Majority Leader Mitch McConnell:

   The so-called Trans-Pacific Partnership would lower unfair trade barriers to American-made goods and American produce sold in the Pacific. That would represent a huge win for American workers and American farmers, to say nothing of the far-reaching geopolitical implications for our country.

2. Bernie Sanders:

   I think when people take a look at my record versus Vice President Biden's record -- I helped lead the fight against NAFTA ; Vice President Biden voted for NAFTA, i helped lead the fight against( permanent normal trade relations) with China ; Vice President Biden voted for it. I strongly opposed the Trans-Pacific Partnership ; Vice President Biden supported it. I voted against the war in Iraq ; Vice President Biden voted for it.

3. Hillary Clinton:

   We need to keep upping our game both bilaterally and with partners across the region through agreements like the Trans-Pacific Partnership or TPP.

4. Junichi Ishikawa:

   The approach to 125 yen takes dollar/yen into politically sensitive territory. Any big gains by the dollar just as the Trans-Pacific Partnership (TPP) talks are climaxing could stimulate those on both sides of the Pacific opposed to the negotiations, and the authorities would not want that.

5. Bernie Sanders:

   I hear Secretary Clinton is in Ohio tonight talking about how concerned she is about the auto industry -- an industry decimated by the North American Free Trade Agreement and normalized trade with China. She supported those bad deals. I opposed them, now she says she wants to make it tougher for automobiles to be imported to this country under the disastrous Trans-Pacific Partnership. That's the deal she called the 'gold standard' when she was secretary of state.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Trans-Pacific_Partnership