TPP kicks off without US, opening business doors across Asia

Vietnam lowers barriers for retailers, Malaysia loosens restrictions on banks

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Shoppers browse fruit at a supermarket in Hanoi. Under TPP-11, Vietnam will loosen restrictions on store openings in the retail sector. © Reuters

TAKASHI TSUJI, Nikkei staff writer

TOKYO -- Asia's newest multilateral trade deal not only eliminates tariffs on goods but also removes barriers to investment, services and data -- unlocking opportunities in retail, banking and e-commerce.

The 11-nation Trans-Pacific Partnership, which took effect Sunday, spans 13% of global gross domestic product and links advanced and emerging economies.

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