Why China got excluded from the TPP

| BY

Katherine Jo

A key reason for China being left out of the world's largest trade deal is the obstruction to innovation and competition caused by the lack of IP rights protection. Here are all the ways China needs to catch up

Signed on October 5 2015, the Trans-Pacific Partnership (TPP) is considered to be one of the biggest trade deals ever established. It is an agreement among twelve countries: the U.S., Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru, and covers approximately 40% of the world's economy.

It is the most ambitious multilateral proposal in its reach of signatories to regulate investment, capital flows and state-owned enterprises. A major feature of the TPP is intellectual property (IP) rights and protection for their role in boosting trade and economic growth. It is one of the many reasons China has not been included in the partnership despite its position as the world's second largest economy, as its IP laws and enforcement are considered insufficient.

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