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TPP Deal Paves Way to New Generation of Trade Integration Efforts

© Flickr / IMFIMF Managing Director Christine Lagarde
IMF Managing Director Christine Lagarde - Sputnik International
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IMF Managing Director Christine Lagarde called the Trans-Pacific Partnership (TPP) agreement "a very positive development."

Members of Congress leave after a series of votes effecting the fast tracking of the Trans-Pacific Partnership on Capitol Hill June 12, 2015 in Washington, DC. The House of Representatives voted down a bill that will could effect the fast tracking of the Trans-Pacific Partnership trade agreement. - Sputnik International
Top US Republican Trade Supporter Says TPP Deal Falls ‘Woefully Short’
WASHINGTON (Sputnik) — The Trans-Pacific Partnership (TPP) agreement reached on Monday by 12 nations can lead to a new level of trade integration, IMF Managing Director Christine Lagarde said in a statement on Monday.

"The agreement reached today by the countries negotiating the Trans-Pacific Partnership is a very positive development,” Lagarde stated. “We would need to review all the details before offering a comprehensive assessment, including the transitional effects and spillovers, but I expect that the TPP can pave the way to a new generation of deep trade integration efforts.”

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