With the sudden pull-out of the USA from the Trans-Pacific Partnership (TPP) last year, the deal was eventually signed by the eleven remaining Asia-Pacific countries and renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The current CPTPP members account for more than 13% of the global economy – covering approximately 500 million people and USD10 trillion in GDP.
The CPTPP is expected to lift economic growth among Asian member countries like Vietnam, Malaysia, Brunei and Singapore, though more modestly than the earlier TPP would have done.
Will CPTPP signatory states be able to sustain the trade deal without the backing of the USA?
For media enquiries, please contact:
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
Spire Research and Consulting is the leading research consultancy in global emerging markets. Spire's competitive advantage lies in its ability to deliver actionable intelligence on the external business environment in support of its clients’ strategic decision-making in marketing and business development. Spire's clients include 50 Global Fortune 1000 companies and government agencies in 15 countries. For more information, please visit www.spireresearch.com.