The Heat: What the Trans-Pacific Partnership means

The Heat

The United States, Japan, Canada, Mexico, Australia and several other Pacific Rim nations reached agreement on a controversial trade pact that will link together about two-fifths of the world’s economy.

The Trans-Pacific Partnership is a major trade agreement involving 12 Pacific Rim nations and accounting for more than 40 percent of the global economy. What are the implications of the TPP trade deal? The terms of the Trans-Pacific Partnership, which does not include China, must still be approved by each of the 12 TPP countries.

CCTV business correspondent Owen Fairclough reports.

The discussion continued with this panel:

  • Dan Ikenson is the director of the Cato Institute’s Stiefel Center for Trade Policy Studies and he’s an expert on U.S.–China trade.
  • Victor Gao is the director of the China National Association of International Studies.
  • Yoshikazu Kato is an expert in Japan-China relations and has lectured in Japan, China and the United States.
  • Mark Weisbrot is the co-director of The Center for Economic and Policy Research.

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