Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Comprehensive and Progressive Agreement for Trans-Pacific Partnership
  Member states
TypeFree Trade Agreement and Economic Integration Agreement
Signed8 March 2018
LocationSantiago, Chile
Sealed23 January 2018
Effective30 December 2018
Condition60 days after ratification by 50% of the signatories, or after six signatories have ratified
Parties
DepositaryGovernment of New Zealand
Languages

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), previously proposed as the as TPP11 is a multilateral trade agreement that consists of twelve members states, spans over five continents and covers nearly 600m people.

The twelve members have combined economies representing 14.4% of global gross domestic product, at approximately US$15.8 trillion, making the CPTPP the world's fourth largest free trade area by GDP, behind the United States–Mexico–Canada Agreement, the European single market, and the Regional Comprehensive Economic Partnership. While originally only involving Pacific Rim countries, it has since evolved to also include outside countries.