Rio Tinto CEO Says TPP Will Boost Growth

For companies and consumers in Australia, the U.S., and throughout the world, greater growth is crucial. Increasing economic opportunity, and meeting the G20 goal set last year of at least 2 percent economic growth, is linked to rapid action on trade and investment. The first order of business should be implementing the Trans-Pacific Partnership (TPP) in 2016 and pressing ahead with other major agreements, such as the Trans-Atlantic Trade and Investment Partnership and the recently mooted EU-Australia free trade accord.

Today, economic opportunity is handicapped by low growth rates in many parts of the world. Last year’s global growth rate was one of the slowest this century. Connected to the economic weakness is an even more dramatic decline in the rate of growth of global trade. In the 25 years before the 2008 global financial crisis, trade grew at about 6 percent a year. Since 2011, the growth rate has fallen to about 3 percent. This dry data translates to diminished opportunities and lower relative living standards for billions of people.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza