Rio Tinto CEO Says TPP Will Boost Growth

By Unknown

Sabtu, 13 Agustus 2016

Rio Tinto CEO Says TPP Will Boost Growth

For businesses and consumers in Australia, the United States, and worldwide, greater growth is crucial. Increase economic opportunities and to achieve the objective of the G20 set last year of economic growth of at least 2 percent, is related to rapid action on trade and investment. The first order of business should be implementation of the Trans-Pacific Partnership (TPP) in 2016 and pressing ahead with other major agreements such as the Partnership for trade and investment and transatlantic EU -Australia free trade agreement recently raised.

Today, economic opportunity is handicapped by low growth rates in many parts of the world. global growth rate last year was one of the slowest of this century. Connected to the weak economy is an even more dramatic decline in world trade growth. In the 25 years preceding the global financial crisis of 08, trade increased by about 6 percent per year. Since 2011, the growth rate fell to about 3 percent. These dry data results in reduced opportunities and the relatively lower standard of living for billions of people.

via CNBC

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