TPP business community welcomes agreement

Press Release – Anthem TPP business community welcomes agreement, calls for early ratification The business community strongly supports the Trans Pacific Partnership (TPP) and looks forward to seeing the agreement enter into force as quickly as possible, say a group of business …TPP business community welcomes agreement, calls for early ratification The business community strongly supports the Trans Pacific Partnership (TPP) and looks forward to seeing the agreement enter into force as quickly as possible, say a group of business representatives drawn from eleven TPP economies. The group is currently in San Francisco attending a meeting of the APEC Business Advisory Council (ABAC). TPP was signed in New Zealand on 4 February 2016. ABAC Member for New Zealand Tony Nowell, speaking on behalf of the group, described TPP as a “historic opportunity to transform trade in goods, services, investment and ‘new economy’ issues in the TPP economic zone.” The TPP economies represent 36% of global GDP and 812 million consumers. “Business and consumers will benefit from improved rules for trade and investment and the creation of the right environment for global value chains to grow. The cost of doing business will be reduced significantly as tariffs and non-tariff barriers are removed,” Mr Nowell said. “The TPP economies will enjoy greater prosperity as a result of improved access to goods and services and enhanced flows of capital,” he added. The...

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