On the side-lines of the recent Asia – Pacific Economic Cooperation (APEC) Leader’s Summit in Vietnam, the remaining 11 member countries of the Trans-Pacific Partnership (TPP) (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam) have agreed to proceed with a “new” trade pact, named the Comprehensive and Progressive Agreement for the TPP (CPTPP). The countries have managed to reach an agreement on the core elements of the legal text and will continue with discussions for conclusion of the restructured agreement.
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