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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Trans-Pacific Partnership Deal
Oct 13, 2015

The Trans-Pacific Partnership (TPP) is a proposed trade agreement between 12 Pacific RIM countries concerning a variety of matters of economic policy, about which agreement was reached on 5 October 2015 after 5 years of negotiations.

Among other things, the TPP seeks to lower trade barriers such as tariffs, establish a common framework forintellectual propert, enforce standards for labour law and environmental laws, and establish aninvestor-state dispute settlement mechanism.

  • A historic economic accord was signed by 12 founding members of the Trans-Pacific Partnership signed in Atlanta, USA.

  • The governments of the 12 nations still have to approve the deal.

  • The Trans-Pacific Partnership (TPP) has been under negotiation for 5 years.

  • All signatory countries are required to conform their domestic laws and policies to the provisions of the agreement.

  • The twelve nations U.S., Japan, Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore, Canada, Mexico, and Brunei Darussalam are the members who signs the agreement.

  • The Trans-Pacific Partnership (TPP) is a secretive, multinational trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement.

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