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What does CPTPP stand for?
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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership ( CPTPP ), also known as TPP11 or TPP-11, [1] [2] [3] [4] is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
The United Kingdom officially applied for CPTPP membership on 21 February 2021. [3] Accession negotiations between the UK and the 11 current CPTPP members negotiations were concluded on 31 March 2023. [4] [5] [6] The UK formally signed the accession protocol on 16 July 2023. [7]
The CPTPP is a trade bloc consisting of 11 member states. The UK government claims that this agreement will provide British businesses with access to a market of 500 million people, resulting in significant benefits.
14 countries. The Indo-Pacific Economic Framework for Prosperity ( IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022. [1] [2] The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
From an initialism: This is a redirect from an initialism to a related topic, such as the expansion of the initialism. Use {{R from acronym}}, R
Though the degree of liberalisation within RCEP is not as deep as in the CPTPP, RCEP members are projected to gain $174 billion in real income by 2030, equivalent to 0.4% of the members' aggregate GDP.
A news item involving Comprehensive and Progressive Agreement for Trans-Pacific Partnership was featured on Wikipedia's Main Page in the In the news section on 1 January 2019. Membership in multiple agreements. What happens with trade between 2 nations when they are related by both CPTPP and RCEP, but with different standards ?