Singapore: Trans-Pacific Partnership, initial impressions

KPMG in Singapore

The 12 countries that signed the Trans-Pacific Partnership (TPP) agreement on 5 October 2015 account for nearly 40% of global gross domestic product (GDP). It will take a few years for these countries to complete their ratification processes of the TPP, which allows time for the trade community to examine what would be included in the TPP.

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Initial impressions indicate that under TPP, countries such as Vietnam would gain greater access to developed markets like the United States and Japan. Such access would be important for Vietnam’s manufacturing sector.

Other provisions would support small and medium-sized enterprises as they gain greater market access. 

 

Read an October 2015 report [PDF 325 KB] prepared by the KPMG member firm in Singapore: Signed Trans-Pacific Partnership kicks off further trade liberalisation in the Asia Pacific region

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