One of the world's biggest multinational trade deals, covering 40% of the global economy, has been signed in New Zealand. The Trans-Pacific Partnership (TPP) is meant to facilitate trade and investment between 12 countries across the Pacific Rim. It’s already taken five years of negotiations, and now needs to be ratified by the member-nations that include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. There’s widespread opposition to the TPP in many countries, with opponents claiming the deal will benefit big businesses and not workers. The US-led initiative is a key part of President Barack Obama's pivot to Asia, but it has proven to be a controversial issue ahead of elections in November.
UAE-Lebanon Business Forum drives new wave of partnerships
Meta agrees to pay $18 billion to settle US lawsuits over social media addiction
DXB welcomes 31.5 million guests in H1 amid regional disruptions
Apple to launch next iPhone on September 9 in first major event under new CEO
Dubai continues to lead global cities in cultural and creative FDI
