The blockbuster Trans-Pacific Partnership that was finalized early Monday is many things to its various interested parties.
Asian economies will rely on preferential access to large markets across the Pacific to be an engine of new jobs and economic growth that has recently stalled. For U.S. President Barack Obama the accord will likely take effect during his final year in office and burnish his credentials for successfully “pivoting” U.S. foreign policy towards the Asia-Pacific region. Candidates vying for Obama’s job, meanwhile, will surely offer varying opinions on the deal to score political points.
For stakeholders in the development industry, fresh off their own pivotal week in New York, the long-sought Trans-Pacific Partnership will have substantive impact on several of the sustainable development goals that government, civil society and business leaders recently agreed to achieve in the next 15 years.
About the author
Naki B. Mendozamfbmendoza
Naki is a former reporter, he covered the intersection of business and international development. Prior to Devex he was a Latin America reporter for Energy Intelligence covering corporate investments and political risks in the region’s energy sector. His previous assignments abroad have posted him throughout Europe, South America, and Australia.
