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Flashcards in TPP (trade relationships) Deck (10)
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1

has the TPP come into action yet?

no

2

how many countries are in the TPP and when was it signed?

12
2016

3

what % of world trade do the countries involved make up?

40%

4

why was the agreement created?

to attempt to create a new single market
something like the EU

5

when did the US pull out of the TPP?

in 2017 by order of Donald Trump

6

can the agreement work without the US?

by january 2018 at least six countries need to sign that make up 85% of the groups economic output
without the us this is not possible
japans prime minister said it would be meaningless

7

what collective population do the countries have?

800 million

8

what did tariff aim to do?

get rid of or lower tariffs on trade especially on agricultural and industrial products

9

what would be the significance of the trade deal?

it would be the largest free trade area in the world

10

what has changed with the US in terms of the TPP?

they now want to be apart of the bloc
if they sign now still have to wait a year and still need votes form every country