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Economy

Stephen Grenville: The US election is putting the TPP trade agreement in doubt

The Trans-Pacific Partnership, agreed to earlier this year by 12 participating countries, was promoted as the "platinum standard" international trade agreement. Still requiring ratification, the pact now seems unlikely to go into effect in the foreseeable future, a victim of the U.S. electoral process. Both major-party presidential candidates have explicitly rejected it. How much will be lost if this much-hyped trade deal falls by the wayside?

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