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Andean Group - October 2015 (ISSN 1741-4466)

ECONOMY: TPP under scrutiny

On 6 October Peru was among 12 Pacific Rim countries to sign the Trans-Pacific Partnership (TPP), the world’s largest free trade agreement. A few days later, on 9-11 October, the country became the first Latin American nation to host the Annual General Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in almost 50 years. While these events have helped to reaffirm Peru’s position as a prominent global economic player, placing it among the leading proponents of international free trade and global economic integration; its adherence to the TPP has been questioned in some quarters, putting the government led by President Ollanta Humala on the defensive.

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