TPP Membership Locks In Peru’s Trade-Based Development Strategy

TPP Membership Locks In Peru’s Trade-Based Development Strategy
Street vendors begin their workday, Villa Maria del Triunfo, Peru, Oct. 6, 2015 (AP photo by Rodrigo Abd).

Editor’s note: This is the final article in WPR’s ongoing series on the Trans-Pacific Partnership and the potential impact on members’ economies..

Peru’s recently elected president, Pablo Kuczynski, is a supporter of the Trans-Pacific Partnership (TPP), and ratification of the deal by Peru’s Congress is likely in the near future. In an email interview, Alan Fairlie, a professor of economics at the Pontifical Catholic University of Peru, discussed the benefits and drawbacks of TPP membership for Peru.

WPR: What are the expected economic benefits and potential downsides for Peru from the TPP, and who are the expected “winners” and “losers”?

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