Recently the trade landscape underwent a dramatic change as twelve major nations reached an agreement on The Trans-Pacific Partnership (TPP) deal on 5th October 2015. The agreement is one of the few mega-regional trade agreements (MRTA) that has come to be signed in years. The other major MRTA is the Transatlantic Trade and Investment Partnership (TTIP) (Between the U.S and the European Union) and not signed as yet.
This has been excerpted from a 9 October 2015 news item by The Business Insider and is available in its entirety at: http://www.businessinsider.in/Heres-how-TPP-affects-India/articleshow/49289290.cms