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Trans-Pacific Trade Deal Advances to the Next Level despite the US Favoring "America First" Policy

  • Trade minister of Vietnam Tran Tuan Anh has said that the participating countries of Trans-Pacific Trade (TPP) agreement have crossed the hardest part and from now on the agreement will be known as CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). TPP agreement is believed to eliminate tariffs on industrial as well as farm products among eleven economies, whose total trade amounts to a whopping $ 356 billion. Reports say that around twenty provisions (mostly related to intellectual property right, labor rights, and environmental aspects) have been done away with from the original TPP document, raising hopes that the United States may join the agreement again.