NEW DELHI: Conclusion of the Trans-Pacific Partnership (TPP) may have brought common and higher standards for nearly 40 per cent of the world economy, but it has made India cautious of its impact, both immediate and long term.TPP is a 12-country trade bloc comprising Australia, Canada, Japan, Malaysia, Mexico, Peru, the US, Vietnam, Chile, Brunei, Singapore and New Zealand that sealed the agreement after more than five years of negotiations, which were mainly kept secret, and hence, worried other countries, including India.Not only can India lose market share in the US to countries like Vietnam, there is also an impending fear that issues related to labour, environment and investment protection could gradually creep into the negotiations in the World Trade Organization.In fact, commerce department officials say seven countries of the TPP, which are also a part of the Regional Comprehensive Economic Partnership (RCEP) of which India is also a member, may put pressure on others to have talks in the same manner as the TPP."We presume that the common members of the two trade agree- ments may put some pressure and ask for parallelism,” a commerce department official said ahead of the next round of RCEP negotiations to be held in Busan, South Korea, next week.Not only India but these concerns have been highlighted by International Centre for Trade and Development, which in a recent study said that countries outside the bloc could face difficulties if new trade norms and market access concessions affect their trade with TPP countries.Since, India has trade agreements with Singapore and Japan, and is negotiating the same with Australia and New Zealand, its trade is not likely to get hurt."We don’t have a free trade agreement with the US and that’s where we can take a hit. Vietnam com- petes with us in the US market and it will now have an edge over us. It will get duty-free access to the US when it comes to sectors like textiles, clothing and leather footwear,” said Abhijit Das, head, Centre for WTO Studies.Domestic textile manufacturers will have to be specifically cautious of the TPP’s ‘yarn forward rule’.