It took five years of negotiations between 11 Pacific Rim nations to get the Trans-Pacific Partnership (TPP) free-trade deal signed. It spans around 40 percent of the world's economy. The business world is already pointing out winners and losers.
The United States and Vietnam have signed a number of business deals in an effort to boost bilateral trade relations. The contracts came after Donald Trump pulled out of the Trans-Pacific Partnership (TPP) trade pact.
As the world grapples with a nuclear-armed North Korea, the Trump administration is working to terminate the Iran nuclear deal. The catch is, it works and prevents a nuclear arms race in the Middle East.
The Trans-Pacific Partnership, one of the world's biggest multinational trade deals, has been signed by 12 Pacific Rim nations. Economist Gary Hufbauer spoke to DW about the risks and advantages of the trade pact.
Japan's lower house of parliament has passed the contentious Trans-Pacific Partnership (TPP) free trade deal, a move largely viewed as an empty gesture because the US president-elect flatly rejects it.
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