What does the TPP mean for Japan’s agricultural sector?

Japanese Prime Minister Shinzo Abe attends a meeting in Manila on 18 November, 2015, with his counterparts from 11 other countries involved in the Trans-Pacific Partnership trade bloc. (Photo: AAP)

Author: Aurelia George Mulgan, UNSW Canberra

The issue of liberalising Japan’s agricultural market presented a major, if not the major hurdle to the Abe administration’s agreement with the Trans-Pacific Partnership (TPP) deal struck in Atlanta on 5 October 2015. Read more…

Coping with global economic risks

Finance ministers and central bank governors from the G20 economies gather for a photo session on the final day of their two-day meeting in Ankara, Turkey, on 5 September 2015. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

The G20 summit at Antalya in Turkey next weekend takes place at a time of continuing risk in the global economy. Although the United States seems on a path to steady recovery, Europe remains fragile, growth in the major emerging economies, except India, is weakening and world trade has taken a nosedive. Read more…

India’s TPP dilemma

Indian workers work on a construction site on the outskirts of New Delhi on March 9, 2015. India's government has announced an $11.3-billion increase in spending on roads, rail and other infrastructure (Photo: AAP).

Author: Geethanjali Nataraj, Observer Research Foundation

The Trans-Pacific Partnership (TPP) that was agreed to on 5 October 2015 covers almost a third of world trade and 40 per cent of global GDP. By not being part of the TPP, India risks losing out. According to a Center on Global Trade and Investment study, India’s nominal GDP is likely to be trimmed by more than 1 per cent as a result of trade and investment diversion caused by the TPP. Read more…

The TPP isn’t a done deal yet

United States Trade Representative Michael Froman is flanked by international counterparts during the closing press conference after an agreement was reached by twelve Trans-Pacific Partnership (TPP) member countries, in Atlanta, Georgia, USA, 5 October 2015. But there is still much more work to be done before this happens. (Photo: AAP)

Author: Jayant Menon, ADB

After more than five years of missed deadlines, trade ministers from the 12 participating Asia-Pacific countries that met in Atlanta finally concluded the negotiations surrounding the Trans-Pacific Partnership (TPP) on 5 October 2015. So is the TPP settled? The short answer to the question is not yet. Read more…

The unfinished business of IMF quota reform

International journalist and moderator Femi Oke, World Bank Group President Jim Yong Kim, Peruvian President Ollanta Humala, UN Secretary General Ban Ki-moon, IMF Managing Director Christine Lagarde and UK Secretary of State for International Development Justine Greening participate in a forum on development at the International Monetary Fund (IMF)/World Bank Annual Meetings, at Lima's Conventions Centre, on October 9, 2015. (Photo: AAP)

Author: Martin Foo, Australian Centre for Financial Studies

The Annual Meetings of the World Bank Group and International Monetary Fund (IMF) in Lima, Peru have now concluded. This year’s meetings saw debates on the normalisation of US monetary policy, China’s new growth model, emerging market vulnerabilities and the post-2015 development agenda. Read more…

What comes after the Atlanta deal on the Trans-Pacific Partnership?

Gantry cranes and shipping containers are seen beside a vessel at the cargo terminal area of Tokyo port on October 6, 2015. Japanese Prime Minister Shinzo Abe hailed a deal to create the world's largest free trade area 6 October as the start of a "new century" for Asia, and expressed hope China might one day join the historic accord. (Photo: AAP)

Authors: Peter Drysdale and Shiro Armstrong, East Asia Forum

The 12-member Trans-Pacific Partnership (TPP) agreement was all but concluded last week after five years of negotiations. The deal now faces the challenge of ratification in each of the 12 countries, with all their domestic political obstacles — including a possible election year vote in the US Congress and the Australian Senate. Read more…

Where does the TPP leave China and Europe?

Trade ministers from the twelve Trans-Pacific Partnership (TPP) member countries participate in the closing press conference in Atlanta, Georgia, USA, 05 October 2015. Twelve Pacific Rim countries reached an agreement 05 October on a trade pact that will lift most duties on trade and investment (Photo: AAP).

Author: Alicia Garcia-Herrero, NATIXIS and Bruegel

After five years of struggle, a massive trade pact has been signed among the United States, Japan and 10 other economies in Asia and Latin America: the Trans-Pacific Partnership (TPP). The winners are obvious: US President Barack Obama and Japanese Prime Minister Shinzo Abe as well as, arguably, the US and Japanese economies. Obama can leave office with a strong demonstration of the US pivot to Asia and Abe can finally argue that the third arrow of his Abenomics program is not empty. Read more…