TPP Countries Mull U.S. Proposal For Currency Committee Side Deal
Trans-Pacific Partnership (TPP) countries are discussing a U.S. proposal put forward last week for a side agreement that would set up a committee where officials from the 12 nations could discuss allegations of currency manipulation, but without recourse to binding dispute settlement, according to informed sources. The U.S. Treasury Department this week confirmed it is working to negotiate provisions aimed at preventing currency manipulation in the context of TPP. But it is clear that the provisions will not be a...