Cptpp Text of the Agreement

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement that covers the Asia-Pacific region. The agreement was signed on March 8, 2018, in Santiago, Chile, and came into force on December 30, 2018. The CPTPP is a revised version of the original Trans-Pacific Partnership Agreement (TPP), which was signed by 12 countries but did not come into force because the United States withdrew from it.

The CPTPP includes 11 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Together, these countries represent a market of approximately 500 million people and a GDP of around $13.5 trillion.

The CPTPP text of the agreement is a comprehensive document that covers a wide range of areas, including trade in goods and services, investment, intellectual property, labor and employment, environment, government procurement, competition policy, and dispute settlement. The agreement also includes provisions on electronic commerce, small and medium-sized enterprises, and state-owned enterprises.

One of the key objectives of the CPTPP is to eliminate tariffs and other trade barriers between the participating countries. The agreement includes schedules for the elimination of tariffs on various goods and services, ranging from immediate elimination to phased elimination over several years.

The CPTPP text of the agreement also includes provisions on intellectual property, including patents, trademarks, and copyrights. These provisions aim to create a balance between protecting the rights of intellectual property owners and promoting innovation and competition.

The agreement also includes labor and environmental standards, which are aimed at promoting fair trade practices and ensuring that trade does not lead to a race to the bottom in terms of labor and environmental conditions. The CPTPP requires participating countries to enforce their own labor and environmental laws and to not weaken them in order to gain a competitive advantage.

Overall, the CPTPP text of the agreement is a complex and comprehensive document that covers a wide range of areas. The agreement represents a significant step forward in promoting free trade and fair trade practices in the Asia-Pacific region.

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This post was written by thavranek