WASHINGTON, October 5, 2015—The World Bank Group welcomes the conclusion of the Trans-Pacific Partnership (TPP) negotiations. In a statement today, Anabel González, Senior Director of the World Bank Group’s Global Practice on Trade & Competitiveness, said:
“News that the TPP negotiations have concluded comes at a time when trade and competitiveness reforms are sorely needed to boost global growth. The TPP could inject energy into wider trade negotiations, especially in the WTO.”
“The international community needs to look at every possible way of lowering trade costs and integrating developing countries into the global economy.”
The Trans-Pacific Partnership includes 12 Asian-Pacific countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam.