Business

摘要

After five years of negotiations a deal was at last struck on the Trans-Pacific Partnership, the biggest trade accord in years. tpp covers 12 countries in Asia and the Americas that account for 40% of the world's economy. The deal was largely welcomed by political leaders; Japan's Shinzo Abe hopes it will boost exports. But tpp faces an uphill battle getting approved in some parliaments. Hillary Clinton made her opposition clear, saying it will do little to raise wages. That will appeal to Democratic voters in America's primaries, but it also undermines her policy credentials. She had been a firm supporter of tpp as recently as 2013.