{"id":6905,"date":"2023-04-01T06:48:12","date_gmt":"2023-04-01T01:18:12","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=6905"},"modified":"2025-03-28T15:46:25","modified_gmt":"2025-03-28T10:16:25","slug":"what-is-the-comprehensive-and-progressive-agreement-for-trans-pacific-partnership-cptpp","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-the-comprehensive-and-progressive-agreement-for-trans-pacific-partnership-cptpp\/","title":{"rendered":"What is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)?"},"content":{"rendered":"<h2><strong>Why in News?<\/strong><\/h2>\n<ul>\n<li><strong>UK will become the first new member<\/strong>, and the first in Europe, <strong>to join the CPTPP<\/strong> since it came into force in 2018.<\/li>\n<\/ul>\n<h3>About Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP):<\/h3>\n<ul>\n<li>It is a <strong>free trade agreement (FTA)<\/strong> between <strong>11 nations<\/strong>: <strong>Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.<\/strong><\/li>\n<li>It was signed in <strong>March 2018.<\/strong><\/li>\n<li>It <strong>succeeded the Trans-Pacific Partnership (TPP)<\/strong> after the United States withdrew from the TPP in 2017.<\/li>\n<li><strong>All 11 countries<\/strong> of CPTPP <strong>are members<\/strong> of the Asia-Pacific Economic Cooperation (<strong>APEC<\/strong>).\u00a0<\/li>\n<\/ul>\n<h3>What is the Asia-Pacific Economic Cooperation (APEC)?<\/h3>\n<ul>\n<li>It is a <strong>forum of 21 Asia-Pacific economies<\/strong> <strong>established in 1989<\/strong>.<\/li>\n<li><strong>Members<\/strong>: <strong>Australia<\/strong>; Brunei Darussalam; <strong>Canada<\/strong>; Chile; <strong>People&#8217;s Republic of China<\/strong>; <strong>Hong Kong, China<\/strong>; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Philippines; <strong>the Russian Federation<\/strong>; Singapore; <strong>Chinese Taipei<\/strong>; Thailand; the <strong>United States of America<\/strong>; Vietnam.<\/li>\n<li>It seeks to <strong>promote free trade and economic cooperation<\/strong> throughout the Asia-Pacific region.<\/li>\n<li>The <strong>APEC Secretariat, headquartered in Singapore<\/strong>, provides advisory and logistic services as well as research and analysis.<\/li>\n<li>APEC <strong>decisions are reached by consensus<\/strong>, and commitments are made on a voluntary basis.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is a free trade agreement (FTA)?<\/h3>\n<p>A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.thehindu.com\/news\/international\/uk-to-join-asia-pacific-trade-treaty-rishi-sunak-hails-post-brexit-freedom\/article66683204.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>U.K. to join Asia-Pacific trade treaty, Rishi Sunak hails \u2018post-Brexit freedom\u2019<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CPTPP is a free trade agreement (FTA) between 11 nations.<\/p>\n","protected":false},"author":5,"featured_media":6906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6905","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=6905"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/6906"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}