On 18 May 2016, the United States International Trade Commission (the “ITC”), an independent Federal agency, released its highly-anticipated report assessing the likely impact of the TPP on the U.S. economy. The ITC projects that by 2032, U.S. annual real income would be $57.3 billion higher and real GDP would be $42.7 billion higher as a result of the passing of the TPP. The report also projects that several sectors, including agriculture and food, would see net positive gains. It is also expected that the TPP would help establish trade-related disciplines that strengthen and harmonize regulations and decrease trade costs for firms that trade and invest in the TPP region.

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Author

Ken Chia is a member of the Firm’s Asia Pacific IT & Communications and Global Privacy steering committees. He is regularly ranked as a leading ITC and competition lawyer by top legal directories, including Chambers, Asia Pacific Legal 500, PLC Which Lawyer? and Asialaw. Ken is a fellow of the Chartered Institute of Arbitrators and the Singapore Institute of Arbitrators. He is also an accredited mediator with the Alternative Dispute Resolution Group in the United Kingdom. Ken has more than 20 years of practicing in the areas of IT, telecommunications, intellectual property, trade and commerce, and competition law matters. He routinely assists clients, mostly governments and multinational corporations, in large-scale procurement, outsourcing and regional transactions, and provides sound advice on privacy and e-commerce matters.