CPTPP

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement among 11 countries around the Pacific Ocean, including Australia, Canada, Japan, and Mexico. It aims to reduce trade barriers like tariffs and import restrictions, promote economic cooperation, and set common standards for trade and investment. By harmonizing regulations, CPTPP helps businesses access larger markets more easily, encouraging economic growth and innovation. It also includes provisions on labor rights, environmental protection, and intellectual property, ensuring that trade benefits are balanced with social and environmental considerations.