What Does the TPP Mean for Latin America?
Mexico, Peru, and Chile would benefit from the Trans-Pacific Partnership if their economies can begin to produce more value-added goods in a competitive way, says CFR’s Shannon K. O’Neil.
By experts and staff
- Published
Experts
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By Shannon K. O'NeilSenior Vice President of Studies and Maurice R. Greenberg Chair
By
- Danielle Renwick
The Trans-Pacific Partnership (TPP), a proposed trade deal among twelve Pacific Rim countries, including the United States, is largely discussed in the context of President Barack Obama’s administration’s “pivot to Asia.” However, three Latin American countries, Mexico, Peru, and Chile are also involved in negotiations. The TPP will not transform these economies, says CFR’s Shannon K. O’Neil, but it will “allow them them to enter the world stage with similar rules that are applied to the United States and other [wealthy countries].” She says that for these countries to reap the benefits of the TPP they will have to produce more value-added goods in a competitive way.
