CPTPP

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is an Asia-Pacific free trade group consisting of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It traces its origins from Trans-Pacific Partnership, which never came into force because of the United States’ withdrawal. The signatories of the trade pact account for 13.4 per cent of the global GDP.
China recently applied to join the CPTPP to increase its influence in the Asia-Pacific. If China joins this grouping, it will have increased market access in the signatory countries. Its inclusion would mean quadrupling of the total population within the group to some 2 billion people.

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