Revamped Pacific trade pact is an important step forward for development

Published: June 6, 2018, midnight

b'Headlines about the rebirth of a trans-Pacific trade pact in Santiago, Chile in March have concentrated on the absence of the United States from the 11-nation agreement, or the trade gains expected for each of its signatories. \\n\\nBut those aren\\u2019t the only issues at stake in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or TPP-11, signed among Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Viet Nam.\\n\\nOther areas that may prove important include the aspects of the pact that deal with infrastructure investment and rules on capital flows and foreign investment. Grant Stillman, legal advisor to the Asian Development Bank Institute, explains what is at stake.\\n\\nRead the transcript\\nhttps://bit.ly/2sHpAy3\\n\\nRead the blog post\\nhttps://www.asiapathways-adbi.org/2018/03/next-generation-of-quality-development-and-investment-in-the-new-pacific-trade-pact/\\n\\nAbout the speaker\\nGrant Stillman is legal advisor to the Asian Development Bank Institute.\\n\\nKnow more about ADBI\\u2019s work on the Trans-Pacific Partnership\\nhttps://bit.ly/2JisyAr'