SINGAPORE (July 29): Malaysia, Japan and Vietnam are likely to be the biggest gainers if the Trans-Pacific Partnership (TPP) agreement is reached this week.

Trade ministers from 12 Asian, North American, and Latin American countries —Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam — begin a four-day meeting in Hawaii today to narrow remaining distance on some of the most controversial obstacles to a TPP agreement including better market access, protection of intellectual property, state-owned enterprise and agricultural issues.

The TPP deal between some of the largest trading nations in Asia Pacific region is expected to provide a significant boost to world growth and trade. China, which is not part of TPP negotiations, is likely to suffer some trade losses but economists say such losses will be relatively small part of total Chinese GDP and exports.

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