The TPP places Hong Kong on back foot
The territory's low number of FTAs and free-port status places it at odds with the controversial TPP pact.
The 12 Pacific-Rim nations, led by the US, finally reached agreement on the highly controversial Trans-Pacific Partnership (TPP) trade pact on October 5 after five years of negotiation. The TPP contains, among other things, measures to lower trade barriers such as tariffs, and to establish an investor-state dispute settlement – granting an investor the right to use dispute settlement proceedings against a foreign government.
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