What does trans-pacific partnership mean?

Definitions for trans-pacific partnership
trans-pacif·ic part·ner·ship

This dictionary definitions page includes all the possible meanings, example usage and translations of the word trans-pacific partnership.

Wikipedia

  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.

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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. 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, this TPP sets the gold standard in trade agreements to open free, transparent, fair trade, the kind of environment that has the rule of law and a level playing field. And when negotiated, this agreement will cover 40 percent of the world's total trade and build in strong protections for workers and the environment.

  2. Bernie Sanders:

    I have voted against every disastrous trade agreement coming down the pike and helping to lead the effort against this Trans-Pacific Partnership, which would mean the outsourcing of more good paying job to low-wage countries.

  3. Shawn Crispin:

    If Vietnam wants to be seen as a responsible member of the international community and reliable partner in multilateral agreements, including the pending Trans-Pacific Partnership trade pact, these types of bogus anti-state convictions must stop immediately.

  4. Prime Minister Malcolm Turnbull:

    If Indonesia chooses to apply to the Trans-Pacific Partnership, we would support the application, absolutely.

  5. President Trump:

    The Trans-Pacific Partnership is another disaster done and pushed by special interests who want to rape our country, just a continuing rape of our country, the Trans-Pacific Partnership’s what The Trans-Pacific Partnership is, too. The Trans-Pacific Partnership’s The Trans-Pacific Partnership : It’s a rape of our country.

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"trans-pacific partnership." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/trans-pacific+partnership>.

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