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TPP Features & CPTPP – The Rebirth! 🐣

After USA left, did TPP die? NO. The remaining 11 countries said "Let's do it anyway!"

New Name: CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership).

  • Members: Japan, Canada, Australia, Vietnam, etc. (Total 11).
  • Leader: Japan took the lead.

Key Features (CPTPP) 🌟

  1. Tariff Elimination: 99% of tariffs removed.
  2. Digital Trade: Free flow of data across borders (No data localization).
  3. State-Owned Enterprises (SOEs): Rules to ensure private companies can compete fairly with Govt companies.
TPP (2016)"12 Members (With USA)"
↓
USA Exits (2017)"Trump withdraws"
↓
CPTPP (2018)"11 Members (Without USA)"
UK Joins!

In 2023, the United Kingdom (UK) joined CPTPP. It is the first non-Pacific country to join. The bloc is growing!

Quiz Time! 🎯

Test Your Knowledge

Question 1 of 5

1. CPTPP stands for:

Central Pacific Trade Partnership
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
China Pacific Trade Plan
None

💡 Final Wisdom: "CPTPP proves that Global Trade can survive without the USA. It is currently one of the highest-standard trade agreements in the world." 🌏

Next up: TPP Criticisms - Why did people hate it? 😡

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