Eleven Nations Agree Trans-Pacific Partnership, Without the U.S.

Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam reached agreement on a new Trans-Pacific Partnership deal at a meeting in Tokyo this week. It is expected to be signed in March in Chile. The deal has been renamed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The combined GDP of the agreement is estimated at USD12.6 trillion, 15.8% of world GDP. The original TPP worth an estimated $32 trillion, 40% of world GDP.

(MarEx)