 "Comprehensive and Progressive Trans-Pacific Partnership")
Over the last one month, the regional trading environment in Asia has undergone a very significant change that has gone largely unnoticed in India. The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement came into effect on December 30, 2018, among six of its 11 signatories that include Australia, Canada, Japan, Mexico, New Zealand and Singapore. The CPTPP, originally the 12 member Trans Pacific Partnership (TPP) agreement, has thus gone ahead despite pullout by its largest member economy, the United States. On January 14, its seventh member, Vietnam, joined after ratification of the agreement. The first round of tariff cuts— 95
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