Revived TPP will benefit its members without USWhile rumours circulate of the US potentially re-joining the Trans-Pacific Partnership, renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the UK has also recently expressed wishes to have its name added to the pact. The US’ withdrawal substantially reduced the market size and potential benefits to TPP members. But the immediate priority for CPTPP members should be to sign the current agreement and finalise domestic ratification procedures so that the agreement can be implemented. While UK participation may generate some additional benefits, the regional impacts of UK participation would be modest. No CPTPP members currently rank amongst the UK’s top 10 import or export markets.


Source:   VietNamNet News
March 01, 2018 12:56 UTC