Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a Free Trade Agreement (FTA) between 11 countries around the Pacific Rim which are - Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Vietnam and Japan.
- After the US withdrew from negotiations of Trans-Pacific Partnership (TPP), the remaining 11 participants scrambled to amend the text of the agreement, and the newly renamed CPTPP was signed in March 2018. It came into force in December 2018.
Fig: CPTPP Countries
Features of the Agreement
- Removes Tariffs: The CPTPP ....
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