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China, which was excluded from the recently signed TPP deal, is set to lose up to 2.2% off its GDP as other countries benefit. The JOC also notes that container shipping, in contrast, is set to gain from the deal, which covers 40% of the global economy. It is said to be one of the most significant free-trade agreements in recent years, with 12 Pacific Rim countries signing the deal with the US.

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