After years of negotiation, the Trans-Pacific Partnership (TPP), a massive new trade agreement, was signed in February this year by 12 nations. If it is ratified — a big “if” — it will bring important economic benefits to member nations, which include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru — but not China. At first glance, it may seem surprising that the world’s second-largest economy isn’t participating. But if you take a deeper look at the pact and its requirements, the reasons become clear. They also shed light on China’s ambitions and the other initiatives it is pursuing to support them, even as the future of the TPP itself becomes increasingly cloudy.
Welcome back to Global Glance. This week we look at how to launder money and shoot craps at the same time, the trouble with judging NAFTA, and why US expats and accidental Americans loath the IRS.
In this week's Global Glance, we look at a caption of the year candidate from a Vietnamese newspaper, Johnny Rockets’ expansion into Southeast Asia, and the best and worst countries for expats.
If you’ve expanded into a foreign country, you’ve experienced the transition to a whole new set of laws and business regulations. Foreign laws governing business practices are frequently difficult to adjust to and sometimes quite frustrating. But once in a while, foreign business laws can also be downright surreal. Here are four favorites we’ve come across. We think you might learn something even from these head-scratchers.