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11 Nations Hammer Out Deal on Trans-Pacific Partnership

January 25, 2018

Eleven countries, including Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, finalized their agreement on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Tokyo, Japan on January 23, 2018.

It is expected the agreement will be signed in March in Chile.

The TPP will eliminate more than 98 percent of tariffs in a trade zone with a combined GDP of USD 13.7 trillion. The agreement will deliver 18 new free trade agreements between the TPP parties and promises heightened container growth for participating countrie

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