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Jakarta Post

From TPP to CPTPP: What does it mean?

  • Poppy S. Winanti

Jakarta   /   Fri, November 24 2017   /  12:34 am

The impasse that ensued after the United States government’s withdrawal from one of the most anticipated mega-regional trade agreements, the Trans-Pacific Partnership (TPP), has finally been resolved with the 11 remaining signatories making a fundamental change to the agreement.

As announced by Vietnam’s Trade Minister during the APEC forum that closed on Nov. 11, the 11 member countries agreed to continue the TPP under a new brand, officially called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The original Trans-Pacific Partnership Agreement (TPPA) asserts that the TPP will come into effect 60 days after all members complete the ratification process.

However, if this condition is not met two years from the date the agreement is signed, the TPP would come into force when at least six of the original signatories, which repre...