Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement among 11 countries in the Asia-Pacific region, including Japan, Canada, and Australia. It aims to reduce trade barriers, promote economic growth, and enhance trade relations among member nations. The agreement covers various areas, such as goods, services, investment, and labor rights, making it easier for countries to trade with one another. The CPTPP was formed after the United States withdrew from an earlier version, but it remains a significant framework for enhancing regional economic cooperation and addressing global trade challenges.