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Putting aside all the uncertainties, the newly minted Trans-Pacific Partnership's impact on global supply chains will be more incremental than dramatic. But there will be a global supply chain reorganisation and some sectors will feel it more than others.
There are winners and losers from the TPP. Multinationals have some advantages over single country firms in that they have the potential to internally reorganise. But either way, a new set of trade rules has the potential to distort established efficient supply models.
"A new set of trade rules has the potential to distort established efficient supply models."
Roland Randall, Insights & Research Manager at ANZThe principles of the TPP are simple: 'free trade today'. But for all sorts of mostly political reasons there are most likely thousands of exceptions to the basic principles (1,500 pages of them). Below are three sectors we think will see some changes.
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This is an edited version of the ANZ on-demand webinar Trans-Pacific Partnership - Signed, Sealed but not Delivered? (you must register before viewing).
Roland Randall is an Insights & Research Manager at ANZ
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
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EDITOR'S PICKS
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The ambitious Trans Pacific-Partnership (TPP) is a step closer after Barack Obama secured US House of Representatives approval for the Trade Adjustment Assistance legislation which offers aid and training to US workers impacted by the trade deal.
2015-07-08 16:22 -
After half a decade of negotiations the US, Japan and ten Pacific Rim nations finalised the Trans-Pacific Partnership this week. The specifics of the deal remain unknown, but we can assume the TPP will promote economic interaction between the 12 negotiating countries which represent 40 per cent of the world's GDP.
2015-10-09 18:05 -
For all the benefits the Trans-Pacific Partnership will bring to each country involved, a level of consternation has popped up in all countries and in Japan there's been a loud cry from the agricultural sector.
2015-10-27 13:49