Comprehensive and Progressive Agreement for Trans-Pacific Partnership

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade deal among 11 countries around the Pacific Ocean, including Canada, Australia, Japan, and Mexico. It aims to reduce barriers like tariffs and promote economic growth by removing restrictions on goods, services, and investments. The agreement also encourages fair competition, protects workers and the environment, and sets common rules to facilitate trade. Essentially, CPTPP helps member countries trade more easily and confidently, fostering closer economic ties and greater opportunities for businesses and consumers across the Pacific region.