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Two-thirds of the provisions of the signed CPTPP are identical to the proposed TPP at the time the United States left the negotiation process. The chapter on SOEs remains unchanged and obliges signatories to share information on SOEs with the intention of addressing the issue of state intervention in the market. It contains the most detailed intellectual property standards for a trade agreement and protection against intellectual property theft against companies operating abroad. [14] A1: The CPTPP is a free trade agreement between 11 countries in the Asia-Pacific region: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The agreement, signed on 8 March 2018, came into force on 30 December 2018, after the majority of the signatories ratified the agreement. The pact links its members, who account for about 13.5% of world merchandise trade, to 30 chapters that provide for free trade and freer access to investment. On January 25, 2018, U.S. President Donald Trump announced in an interview his interest in a possible reinstatement of the TPP if it was a „much better deal“ for the United States. In January 2017, it withdrew the United States from the original agreement.

[78] On April 12, 2018, he told White House National Economic Council Director Larry Kudlow and U.S. Trade Representative Robert Lighthizer that he wanted to see if he wanted to join the new agreement. [79] Us Wheat Associates President Vince Peterson said in December 2018 that U.S. wheat exporters could face an „immediate collapse“ in their 53 percent market share in Japan due to CPTPP. Peterson added: „Our competitors in Australia and Canada will now benefit from these provisions [CPTPP] because American farmers look helpless.“ The National Cattlemen`s Beef Association said beef exports to Japan, the largest U.S. export market, would be seriously penalized for Australian exporters, as their tariffs on exports to Japan would be reduced by 27.5% in the first year of the CPTPP. [80] [81] The CPTPP is the first trade agreement to contain a chapter on small and medium-sized enterprises (SMEs). On October 25, 2018, New Zealand ratified the CPTPP and increased the number of countries that have officially ratified the agreement to four. [29] With regard to CPTPP, the NIA was published on 21 February 2018 to help Parliament balance the costs and benefits of New Zealand`s signing of CPTPP and, on 9 March 2018, it was updated with further information on the subsidiary letters signed with the agreement. On June 28, 2018, Mexico was the first country to end its internal ratification process of the CPTPP, with President Enrique Pea Nieto declaring: „With this next-generation agreement, Mexico is diversifying its economic relations with the world and demonstrating its commitment to openness and free trade.“ [21] The Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), also known as TPP11 or TPP-11[2][3][5][5],[5] is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

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