straitstimes_The 11 countries of the Trans-Pacific Partnership (TPP) are set to sign their pact without an original partner, the United States, in March in Chile. The deal was reached on Tuesday (Jan 23) after two days of talks in Tokyo.
Here’s a look at what the latest deal, renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after Washington’s withdrawal, is about.
1. WHAT IS CPTPP?
In November 2017, ministers of the remaining 11 TPP countries agreed on the way forward to implement the TPP agreement without the US, and also renamed it as the CPTPP.