Eleven States Sign Comprehensive and Progressive Agreement for Trans-Pacific Partnership (March 8, 2018) [1]
On March 8, 2018, eleven Asia-Pacific states (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam) signed a trade agreement titled the Comprehensive and Progressive Agreement for Trans-Pacific Partnership [3] (CPTPP), a multilateral free trade agreement that updates its previous iteration as the Trans-Pacific Partnership (TPP). Much of the original TPP has been kept in the CPTPP, though twenty-two provisions from the TPP were suspended or otherwise changed. The Agreement will allow for freer trade and investment access among its members and is one of the largest free trade agreements in the world, representing nearly 13.5 percent of global gross domestic product.