Related Keywords: APEC, between TPP members, DBS, diversion of service trade, global trade, improved market access, might erode India's market share, Negotiations on-going with the ASEAN, RCEP, Singapore banking group, tariff reductions, TTP agreement
The Trans-Pacific Partnership (TPP) which includes a group of 12 countries, led by the US reaching a tentative agreement earlier this week, concern is whether improved market access, tariff reductions and diversion of service trade between the TPP members, as and when it becomes effective, might erode India's market share. However, real impact is likely to be smaller as the TPP is likely to take years to implement.
