What you should know about Thailand and the new trans-Pacific trade pact CPTPP
On Jan 23, 2017, US President Donald Trump signed a Presidential Memorandum to withdraw the US from the TPP, throwing into limbo 11 other countries. As an immediate consequence of the abrupt withdrawal, the TPP was no longer viable without the US, as it accounts for 60 per cent of the combined GDP of the 12 TPP members. Japan then led a scramble to keep the deal alive, with the hope of enticing the US to return at a later date. The 11 countries of the Trans-Pacific Partnership (TPP) are now set to sign their pact without an original partner, the United States, in March in Chile. 11 member countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Thailand still considering the idea of joining Thailand wasn’t part of the initial TPP deal that was initiated by ex-president Obama, but is considering applying to...
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