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Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

TPP Trans Pacific Parnership Agreement

The Trans Pacific Partnership agreement had humble beginnings. It was initially a trade pact envisaged by Brunei, Chile, New Zealand and Singapore, but the TPP was transformed in 2008 when the US expressed its interest. Since then, the TPP has expanded to 12 members, bringing in Australia, Canada, Malaysia, Mexico, Peru and Vietnam. Most significantly, in 2013, Japan – often considered a free-trade laggard – surprised many by entering the talks. Its entry brings a critical mass to a deal that,...

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