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After Trans-Pacific Partnership Deal Reached in Atlanta, Focus Shifts to Ratification

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Ministers from 12 Pacific Rim countries concluded a sweeping trade pact this past Monday, following several days of frenzied negotiations in the US city of Atlanta to bring the agreement across the finish line. With the talks on the Trans-Pacific Partnership (TPP) now completed, participating countries are now gearing up to face their next big challenge: building public support and ratifying the pact’s terms in their domestic legislatures. The Atlanta ministerial meeting, originally set for 30 September through 1 October following several days of chief negotiators’ discussions, was extended repeatedly as officials worked to reach the long-awaited deal, with the talks finally closing in the early morning hours on 5 October. “After more than five years of intensive negotiations, we have come to an agreement that will support jobs, drive sustainable growth, foster inclusive development, and promote innovation across the Asia-Pacific region,” ministers for the TPP countries said on Monday morning. The officials affirmed that the final agreement is one that is “ambitious, comprehensive, high standard, and balanced,” arguing that the terms will be a boon to their countries’ respective citizens, which in total number nearly 800 million people. The 12 countries involved – Australia, Brunei, Canada, Chile, Japan, Malaysia,...

Tags: Trans-Pacific Partnership (TPP), Regional Trade Agreements (RTAs), Trans-Pacific Partnership (TPP)

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