US Pulls Out of TPP

US President Donald Trump on January 24, 2017 fulfilled a campaign pledge by signing an executive order to withdraw from the Trans-Pacific Partnership (TPP). The 12-nation trade deal was a linchpin of former President Barack Obama’s Asia policy.

About TPP

• TPP is a trade agreement under negotiation among 12 nations: Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam, which together account for 40% of the world’s gross domestic product (GDP).
• TPP is considered to have set the gold standard on trade and was part of Obama’s “pivot to Asia policy” to counter the growing ....