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What’s the Likelihood that TPP Actually Carries on Without US?

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Japan seems to want the Trans Pacific Partnership to happen—U.S. or not—but with certain stipulations outlined in the original deal, pushing it forward could prove just as tricky as trying to get it signed.

The first hurdle to get over will be the provision that stipulates at least six of the agreement’s original signatories, which combined account for at least 85 percent of the collective GDP, have to agree to implement the TPP for the trade agreement to come into force.

With the U.S. accounting for upward of 60 percent of that GDP, reaching the 85 percent threshold would be impossible. The question now is whether that threshold might be amended or if that 85 percent will be based on the total GDP of the remaining 11 member countries.

Read more at Sourcing Journal.

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