How do Chinese companies face TPP?

Provider:   Source:Baoding Jindi Machinery Co., Ltd   Time:2019-04-10  

TPP has come, attracting the attention of people around the world. What is TPP? TPP is the Trans-Pacific Partnership Agreement, also known as the “Economic NATO.” It was formerly the Trans-Pacific Strategic Economic Partnership Agreement. This was initiated in 2002 by the countries of the Asia-Pacific Economic Cooperation, New Zealand, Singapore, Chile and Brunei. A set of multilateral trade free trade agreements, originally known as the Asia-Pacific Free Trade Area, aimed at promoting trade liberalization in the Asia-Pacific region.

On October 5, 2015, the Pan-Pacific Strategic Economic Partnership Agreement (TPP) finally made a substantial breakthrough. The United States, Japan and 10 other Pan-Pacific countries reached an agreement on the TPP. The proportion of the 12 participating countries combined to the global economy Up to 40%. TPP negotiations began in March 2010, a multilateral free trade agreement originally initiated by New Zealand, Singapore, Chile and Brunei, currently dominated by the United States, Japan, Canada, Australia, Mexico, Vietnam, Peru, 12 members including Malaysia participated.

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