Source : https://www.spireresearch.com/newsroom/spirethoughts/cptpp-signed-by-eleven-asia-pacific-countries/

CPTPP signed by eleven Asia Pacific countries


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?


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