Asia-Pacific nations sign sweeping trade deal | TheStarTV.com

Asia-Pacific nations sign sweeping trade deal

Published on 9 Mar 2018 11:34:56 AM

Eleven countries signed a landmark Asia-Pacific trade agreement without the United States in Santiago on Thursday with one minister calling it a powerful signal against protectionism and trade wars. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will reduce tariffs in countries that together amount to more than 13 percent of the global economy - a total of US$10 trillion in gross domestic product.

Keywords
trade, economy, cptpp, comprehensive and progressive agreement for trans-pacific partnership, asia-pacific

Eleven countries signed a landmark Asia-Pacific trade agreement without the United States in Santiago on Thursday with one minister calling it a powerful signal against protectionism and trade wars. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will reduce tariffs in countries that together amount to more than 13 percent of the global economy - a total of US$10 trillion in gross domestic product.

Keywords:
trade, economy, cptpp, comprehensive and progressive agreement for trans-pacific partnership, asia-pacific

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