A remarkable piece of diplomacy and a win for free trade
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A decade-long journey comes to fruition with the signing of the CPTPP. It's a major step forward for free trade, especially amid the current tariff-filled global trade environment.
THE signing in Chile of the new trade pact between 11 Pacific Rim nations is a harbinger for the 500 million individuals and businesses within the countries it serves.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is an ambitious deal and is expected to bring sizeable economic gains to its members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It also has the potential to expand membership with Thailand and South Korea which have expressed interest in joining.
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