Reference no: EM132139132

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Successful implementation of the TPP could have been regarded as the most important trade agreement that could have benefited members and non-members. The deal could have led to the liberalization of trade. It was observed as the building block on matters of international trade and investment. Domestic economic reforms could have led to an open and competitive market growth which could have been beneficial to the Asia-pacific region. The liberalization of the free trade market could have served as the basis of economic growth and prosperity among the trading members (Petri, & Plummer, 2016). The United States could have benefited in ensuring that there is an investment in their trade deals within the Asian territories. Also, Investments in different member states will be beneficial to the countries' economy as well as TPP's economy. Goods, services and technology will be exchanged at lower prices between member states. They will maximize profit of small enterprises as they exploit the opportunities thy have. They will increase employment rates. Goods sold between countries will have no import or export levies. TPP will help member states have international markets where they can sell their products.