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Japan, Vietnam and Malaysia are set to get a big economic boost from a sweeping Pacific trade agreement concluded in October, while the US and other North American countries would see much smaller gains from the Trans-Pacific Partnership, according to the first detailed study of the pact.
Officials from 12 countries agreed to eliminate most tariffs over time and also to remove other barriers to trade, as well as to set unified commercial rules for everything from drug patents to labour and environmental standards. The countries finished the TPP negotiations last year, but the trade agreement can’t take effect without approval from a deeply divided US Congress and other parliaments in the bloc.

Minister of Industry and Trade Vu Huy Hoang has said that Vietnam will make the most of opportunities presented by the Trans-Pacific Partnership (TPP) trade deal.
Asked by National Assembly (NA) deputy Nguyen Ngoc Hoa of HCM City about opportunities and challenges for the apparel industry relating to the TPP at a question-and-answer session at the NA in Hanoi on November 17, Hoang said apparel products originating in Vietnam would enjoy tariff incentives when exported to Pacific Rim countries.

Amid the onset of the TPP is a reduction of trade barriers for Vietnam and other countries, and Taiwan and Hong Kong investors have immediately responded by buying up Vietnam equities. Along with the removal of this set of trade barriers will be a closer look at the country, and particularly how additional capital into the country is going to bring additional interest in alternative spots of investment into the country – some routine, some drastic.

Vietnam should do well under the proposed Trans-Pacific Partnership (TPP), though it’s too early to tell because the deal has not yet officially been made public. Until then, newspapers and politicians would be wise to dial down the rhetoric.
We do know that immediately after the 12 Pacific Rim countries announced the TPP deal, some members of the US Congress and the US presidential candidates began fretting about its pitfalls.
Most notably, Hillary Clinton and Donald Trump the two leading US candidates to become the next president of the US have come out strongly against the trade accord as well as a majority of the remaining candidates running for the office.