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

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement involving several countries around the Pacific Ocean, including Canada, Japan, and Australia. It aims to reduce tariffs, enhance trade, and promote economic cooperation among its member nations. The agreement replaces the original Trans-Pacific Partnership (TPP) but retains many of its benefits while suspending some provisions. By fostering trade, the CPTPP seeks to boost economic growth, increase market access for goods and services, and strengthen ties between the participating countries, making it easier for them to do business with each other.