Comprehensive and Progressive Agreement for Trans-Pacific Partnership: toward a progressive and inclusive trade model

Nguyen Anh

After more than a year of negotiations, the 11 remaining signatories of the Trans-Pacific Partnership Agreement including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam officially signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Despite the withdrawal of the world's No. 1 economy, in terms of contents and commitment, this is still the new generation free trade agreement, "a model for progressive and inclusive trade." At present, this is the largest free trade agreement with a market of about 500 million people, with a GDP of US$10,100 billion (equivalent to 13.5% of the world’s GDP).

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