Company Formation in CPTPP
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement among several countries around the Pacific Rim. It evolved from the Trans-Pacific Partnership (TPP), which was never ratified due to the withdrawal of the United States in 2017. The CPTPP aims to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth. The member countries include:
+ from 2024, United Kingdom as well!!!
The CPTPP covers a wide range of goods and services, including agriculture, manufacturing, and digital trade. It also addresses intellectual property, environmental standards, and labor rights. The agreement is significant due to its members’ combined economic size, representing a significant portion of global GDP and trade. The CPTPP is designed to be a living agreement, potentially open to new members that are willing to meet its standards.