THE Trans-Pacific Partnership (TPP) agreement, a complex trade pact among 12 countries including Malaysia, remains in a protracted negotiation. While trade talks are nearing completion, another issue has crop out.
According to reports, in the US, currency hawks are pushing for the inclusion of tough provisions to be made against countries that deliberately manipulate their currency, to be included as part of the TPP agreement. The move is obviously against countries such as China where the view is that the yuan is deliberately kept undervalued to help exports.
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