Eleven Countries to Sign Trans-Pacific Trade Deal
The TPP is dead — long live the CPTPP. That’s the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, an agreement among 11 countries led by Japan and Canada that’ll be signed today in Santiago. President Trump pulled the U.S. out of the TPP shortly after his inauguration, but said he could be lured back in with more favorable terms. The CPTPP will be one of the world’s three largest trade agreements, covering 500 million people, and is meant to offer a “signal of openness,” according to Chile’s foreign minister.