Trans-pacific Partnership (TPP) is a Free Trade Agreement (FTA) among 12 countries, namely the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. The presence of giant economies like the US and Japan in TPP raise the…
Asia Pacific’s strategic significance coupled with the region’s economic progress has raised the region’s stature for regional as well as global players. Hillary Clinton at the East West Centre, Honolulu described the pivot strategy as: “It is becoming increasingly clear that in…
The former Director General of the WTO, Pascal Lamy, suggested to an audience in Melbourne in November 2012 that the ‘rising weight of influence of emerging economies has shifted the balance of power’ in the global trading system, and that there has…