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Global Weekly: How do “new generation” trade agreements such as the TPP differ from traditional free trade agreements?

Global Macroeconomics Team's picture

On October 4, 2015, 12 Pacific Rim countries concluded negotiations on the Trans-Pacific Partnership (TPP). As a deep and comprehensive “new generation” trade agreement, the TPP covers traditional barriers to trade in goods and services, investment activities, and other trade-related areas.

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