Trans Pacific Partnership – did we get more than we bargained for?
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World leaders including Australia’s Prime Minister, Tony Abbott, are using the APEC summit in Bali to discuss the Trans Pacific Partnership (TPP). Current discussions are going well according to Mr Abbott but there are concerns the United States is moving to protect some of its export industries which could increase the cost of goods imported from America such as pharmaceuticals.
The TPP is made up 12 nations from the Asia-Pacific region, Brunei, Chile, New Zealand and Singapore, Australia, Canada, Japan, Malaysia, Mexico, Peru, the USA and Vietnam, all of whom have formed a free trade agreement.
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