Haynes and Boone, LLP
  November 25, 2015 - United States of America

TPP and its Impact on NAFTA
  by Edward M. Lebow, Larry B. Pascal, Jorge Sanchez

The Obama Administration recently released the signed text of the Trans-Pacific Partnership (“TPP”), which represents an important advancement in trading relations among 12 Pacific countries:

  • Australia
  • Brunei Darussalam
  • Canada
  • Chile
  • Japan
  • Malaysia
  • Mexico
  • New Zealand
  • Peru
  • Singapore
  • United States
  • Vietnam

Trade among TPP members is estimated to account for 24 percent of global exports. These countries have an aggregate gross domestic product of $88 trillion (40 percent of the world total) and a market size of 793 million consumers. Latest data on trade among the TPP member countries show $1.5 trillion in goods (2012) and $242 billion in services (2011).

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