Can India benefit from Trans-pacific Partnership (TPP)?

Abstract

The Trans-Pacific Partnership was negotiated in October 2014 between 12 countries-New Zealand, Peru, Singapore, United States, Vietnam, Australia, Brunei, Canada, Chile, Japan, Malaysia and Mexico. Research shows that TPP will eminently benefit its partner countries by adding $285 billion to their combined GDP and increase exports to $440 bn by 2025. With the growing word in the media about such large gains, many developing countries such as India, which have significant trade relations with the participatory nations is under pressure to join it. Therefore, it becomes important analyze India’s position from two perspectives in the current scenario–to remain outside the TPP or if it decides to be a part of the TPP, and debate over- its potential gain and loss.