What’s the big deal?

An article in The Economist (March 28th 2015) titled “What’s the big deal?” (http://www.economist.com/news/asia/21647330-why-whiff-panic-has-entered-americas-pacific-trade-negotiations-whats-big-deal) describes the main characteristics of the interesting TPP agreement and its major constraints. The TPP is to be a “21st-century” agreement, involving relevant reforms in areas such as intellectual property, the treatment of state-owned companies and environmental and labor standards. Another interesting fact is that the deal involves economies at very different stages of development, from Peru and Chile to America and Australia. The struggle to close the deal has been affected by the strategic competition between America and China for regional influence. Will this competition prevent the TPP from becoming more attractive to the 12 members and their diverse economies?

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