The agreement described as a “new generation” trade deal, encompasses 40% of the global economy and accounts for 300 billion USD of the world’s GDP every year.
It is estimated that the TPP will help Vietnam's GDP increased by USD 23 billion in 5 years. Some of Vietnam’s important export sectors such as textiles, footwear, and seafood will receive a new boost, but some such as agriculture will face many challenges.
It is claimed the agreement will help all the members grow stronger, and invigorate global trade reform. However, every country will need to be prepared for greater competition.
