US, Japan, 10 Pacific Rim nations sign TPP agreement

Q.  US and 11 other Pacific Rim nations signed which agreement to lower trade barriers. increase worker protection and set standards for other industries?
- Published on 07 Oct 15

a. TPP
b. TAP
c. TPC
d. TPD

ANSWER: TPP
 
United States, Japan and 10 Pacific Rim nations on 5th October 2015 have signed the TPP/Trans Pacific Partnership agreement for facilitating trade between US and the states. The agreement aims to lower trade barriers and increase worker protections besides standard setting for industries. 10 other countries which signed the agreement included Brunei, Australia, Chile, Canada, Mexico, Malaysia, New Zealand, Peru, Vietnam and Singapore. China was a notable absentee in the partnership. TPP agreement includes close to 40% of the global economy.

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