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February 1, 2016

Report: US the ‘largest beneficiary’ of TPP

A new report says that while all member countries of the Trans-Pacific Partnership stand to benefit from the trade agreement, the U.S. has the most to gain. The report from the Peterson Institute for International Economics (PIIE) says the agreement will increase “annual real incomes” in the U.S. by $131 billion by 2030. Global figures for that same time frame show an increase of about $492 billion with sizable gains also projected for Japan, Malaysia and Vietnam.
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