Pretty big. The 12 countries involved have a collective population of about million - almost double that of the European Union's single market. The deal was seen as a remarkable achievement given the very different approaches and standards within the member countries, including environmental protection, workers' rights and regulatory coherence - not to mention the special protections that some countries have for certain industries.
The US pulling out will be seen as big blow for other nations that signed up. The US would need to be on board to meet that last condition. Some countries, including New Zealand, have suggested some sort of alternative deal may be possible without the US. Negotiations here are at an earlier stage. But given President Trump's hostility towards trade deals in general it's unlikely to be plain sailing for that one either.
You can read more about TTIP here. Most goods and services traded between the countries are named in the TPP, but not all tariffs - which are taxes on imports - were going to be removed and some would take longer than others.
In all, some 18, tariffs were included. For example, the signatories said they would either eliminate or reduce tariffs and other restrictive policies from agricultural products and industrial goods. Under the agreement, tariffs on US manufactured goods and almost all US farm products would have gone almost immediately. In the U. Overall, the TPP's provisions that recognize the rights of the public are non-binding, whereas almost everything that benefits rightsholders is binding.
These include obligations for countries to:. In short, countries would have to abandon any efforts to learn from the mistakes of the United States and its experience with the DMCA over the last 16 years, and adopt many of the most controversial aspects of U. It includes only a placeholder for exceptions and limitations. Although the IP chapter contains the worst of the agreement's anti-user provisions, we were also concerned by provisions elsewhere that:.
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TPP supports healthcare services across the globe. Our achievements include :. Improve Outcomes We believe that reliable and comprehensive digital health infrastructure forms a key component of healthcare transformation. Build a Digital Health Economy Our open approach provides opportunities to drive the digital health economy.
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Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. In , Congress gave President Barack Obama fast-track authority to negotiate the deal and put it to an up-or-down vote without amendments; all 12 nations signed the agreement in Feb.
In Aug. Since both major-party nominees, Donald Trump and Hillary Clinton, opposed the deal, it was considered to be dead on arrival. Trump's presidential victory solidified that view, and on Jan. In the United States, the deal was viewed in the broader context of the Obama administration's military and diplomatic "pivot" toward East Asia, which then-Secretary of State Hillary Clinton outlined in an article in Foreign Policy magazine in Oct.
In , Clinton said the deal set the "gold standard in trade agreements. However, Clinton later said that she opposed the deal. Opposition to the TPP deal centered around a number of themes.
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