Economics
TPP Trade Pact Risks Degenerating Into Bilateral Deals, ADB Says
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The Trans-Pacific Partnership trade pact risks collapsing and producing a series of bilateral deals if the 12 nations involved cannot reach agreement on concessions sought by some, the Asian Development Bank said in a report.
Reports that the most recent round of negotiations made “very little progress” highlight the difficulties faced in finding common ground on the more difficult issues, the Manila-based lender said today.