Chairman of Russia’s State Duma Naryshkin fears Trans-Pacific Partnership

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As reported by RIA Novosti, the Chairman of the State Duma Sergei Naryshkin fears Trans-Pacific Partnership (TTP) led by the United States.

Speaker proposes to assess the potential risks and potential damage from free trade zone in the Asia-Pacific region between 12 countries, including the United States, Canada, Mexico, Japan, Singapore, Australia, New Zealand and others.

“I suggest that we put our best efforts to assessment of such events as the accelerated development of Trans-Pacific Partnership which may combine 12 countries, including the United States. It’s unclear what is more here: new opportunities for the development of the vast Asia-Pacific region, or a threat to the entire global economy, which could be held hostage by almost privately developed rules of international trade”, – said Naryshkin during the discussion on the topic “Russia and West: What next?”

Earlier it was reported that the United States and 11 other countries signed an agreement on the Trans-Pacific Partnership.

Source: http://www.gazeta.ru/business/news/2015/10/12/n_7763207.shtml

 

Image: Michał Koziczyński