Economics Trade Agreements Questions
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement between 11 countries in the Asia-Pacific region. It is a revised version of the original Trans-Pacific Partnership (TPP) agreement, which was signed in 2016 but did not come into effect. The CPTPP aims to promote economic integration, reduce trade barriers, and enhance cooperation among member countries. It covers various areas such as market access for goods and services, investment, intellectual property rights, labor standards, and environmental protection. The agreement is designed to facilitate trade and investment flows among member countries, promoting economic growth and development in the region.