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    Crispin Chettri announces squad for AFC Women's Asian Cup 2026 Qualifiers in Thailand

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    D. Deepesh and Naman Pushpak drafted into India U19 squad for England tour

    'Argentina one of the best, but India won’t go down without a fight,' says captain Salima ahead of FIH Pro League clash

    'Argentina one of the best, but India won’t go down without a fight,' says captain Salima ahead of FIH Pro League clash

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    Washington Sundar has been my inspiration since I was young: Sai Sudharsan

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    Madhya Pradesh League: Arshad lauds 'superhero of the match' Shivang as Bhopal Leopards beat Bundelkhand Bulls

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    Club WC: Botafogo beat Sounders; Palmeiras and FC Porto play out goalless draw

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    Markram’s 136 absolutely as good as any other WC final winning knocks: Ponting

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    Club WC: PSG crush Atletico Madrid to get off to flying start

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    England Tests great chance for young Indian team to settle and challenge any side: Venkatapathy Raju

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Home Knowledge Domain Current Affairs

12 nations sign historic TPP deal amid protest

Lakshmi Puri by Lakshmi Puri
February 4, 2016
in Current Affairs, World
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ProMASS News Bureau: Feb 4, 2016:

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All 12 member nations signed Trans-Pacific Partnership (TPP) agreement in New Zealand even as the US struggles to get the pact ratified in Congress.  New Zealand Prime Minister John Key and US Trade Representative Mike Froman led the ceremonial signing at Auckland’s Sky City Convention Centre. This is one of the biggest trade deals in history. The trade deal looks to facilitate investment between 12 countries across the Pacific Rim, which together account for about 40 per cent of the global economy. This includes Singapore, Australia, Canada, Japan, Malaysia and Mexico. The TPP was agreed in October after years of negotiations and multiple missed deadlines.

TPP
The US-led initiative is a key part of President Barack Obama’s so-called pivot to Asia but has proved to be a controversial issue ahead of the US elections in November. Mr Obama has barely a year left on his term and his administration warns that the US economy will suffer if politicians don’t ratify the TPP agreement. US Trade Representative Michael Froman said the deal could add 100 billion dollars a year to US growth. Mr. Froman said after five years of negotiation, signing the TPP is an important milestone in our efforts to set high-standard rules of the road in the Asia Pacific region and more generally, and to deliver an agreement that will benefit American workers, farmers and businesses.

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