If I learned anything from 2020, it’s that I don’t know what is in store for the future. In the last few years, we went from talking about how the Trans-Pacific Partnership (TPP) would transform trade, to Brexit, to the trade war, to the global pandemic.
Topics: Free Trade Agreements, Tradewin, TPP, Brexit
There seems to be a lot of chicken littles out there shouting that Trade is “falling”. The hyperbole and rhetoric during the campaign likely awoke and frightened the trade chicken littles.
Global Trade and the underlying “deals” are not single looped knots in a child’s shoe, which can be undone with a single pull of a loose end. They are more akin to a Gordian knot which are difficult to undo and when trying to unravel often lead to unintended consequences.
Topics: TPP
The Trans-Pacific Partnership (TPP) is gaining momentum. If “TPP” isn’t as popular as “lol”, it will be soon. That’s because the TPP is a big deal. We’ll be doing several blogs over the coming months as additional details regarding the Agreement become known so you can stay up to date.
For now, let’s start with the basics. The original plan of a four-nation pact between Singapore, New Zealand, Chile, and Brunei has grown to be a 12 country partnership impacting 800 million consumers, and now includes the U.S., Canada, Mexico, Peru, Japan, Vietnam, Malaysia, and Australia. Together, this makes it the largest regional trade accord in history, with a combined GDP of 28 Trillion USD. To put that into perspective, that is 40% of all Global GDP, 33% of global trade, and accounts for 40% of US Imports and Exports.
Topics: TPP
