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BUSINESS: Pacific trade deal gets go ahead infographic
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Massive Pacific trade deal without U.S. gets go ahead

Graphic News

March 8, 2018 -- Japan, Canada and nine other Pacific Rim nations will sign a revised trade deal in March. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create a market of 500 million people, with a combined gross domestic product of US$10 trillion.

Following the fiery campaign rhetoric about free trade agreements, President Trump pulled the U.S. out of the original Obama-era Trans-Pacific Partnership within a few days of reaching office.

The new deal includes a renegotiated arrangement on automobiles with Japan and the suspension of intellectual property provisions that had been a concern for Canada. With a combined economy of more than 90 percent of Beijing’s $11.2 trillion GDP, the agreement will create a counter-balance to China’s increasing economic dominance of the region.

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