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.”