01-12-2024, 08:13 AM
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a revised version of the Trans-Pacific Partnership (TPP) agreement. The TPP was originally signed by 12 countries, including the United States, but it never went into effect because the U.S. withdrew from the agreement in 2017.
The remaining 11 countries then decided to move forward with a revised version of the agreement, which they named the CPTPP. The CPTPP essentially incorporates most of the TPP's provisions, but it suspends or removes some of the more controversial provisions that were opposed by some of the signatory countries.
Here are some key differences between the CPTPP and the TPP:
1. Suspended Provisions:
- The CPTPP suspends 22 provisions that were included in the original TPP. These provisions were primarily related to intellectual property rights, investor-state dispute settlement (ISDS), and other areas that were seen as being too restrictive or controversial.
- The suspension of these provisions was a key concession made by the remaining TPP countries in order to salvage the agreement after the U.S. withdrawal.
2. Intellectual Property Rights:
- The CPTPP includes a chapter on intellectual property rights, but it is less stringent than the corresponding chapter in the TPP.
- The CPTPP maintains strong protections for intellectual property, but it does not go as far as the TPP in terms of extending copyright terms or restricting access to copyrighted works.
3. Investor-State Dispute Settlement (ISDS):
- The CPTPP maintains the ISDS mechanism, which allows corporations to sue governments for policies that they believe violate the agreement.
- However, the CPTPP includes some changes to the ISDS mechanism that are designed to make it more transparent and accountable.
4. Scope and Coverage:
- The CPTPP covers a broad range of trade issues, including tariffs, non-tariff barriers, investment, services, and intellectual property.
- The CPTPP is essentially a comprehensive free trade agreement that aims to reduce trade barriers and promote economic integration among its members.
5. Membership:
- The CPTPP currently has 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
- The United Kingdom has signed the accession protocol and will join the agreement once all current members have ratified its addition.
In summary, the CPTPP is a revised version of the TPP that is designed to address some of the concerns that were raised about the original agreement. The CPTPP maintains the core objectives of the TPP, but it is less ambitious in some areas, such as intellectual property rights and ISDS. The CPTPP is a significant trade agreement that has the potential to boost economic growth and integration among its members.
The remaining 11 countries then decided to move forward with a revised version of the agreement, which they named the CPTPP. The CPTPP essentially incorporates most of the TPP's provisions, but it suspends or removes some of the more controversial provisions that were opposed by some of the signatory countries.
Here are some key differences between the CPTPP and the TPP:
1. Suspended Provisions:
- The CPTPP suspends 22 provisions that were included in the original TPP. These provisions were primarily related to intellectual property rights, investor-state dispute settlement (ISDS), and other areas that were seen as being too restrictive or controversial.
- The suspension of these provisions was a key concession made by the remaining TPP countries in order to salvage the agreement after the U.S. withdrawal.
2. Intellectual Property Rights:
- The CPTPP includes a chapter on intellectual property rights, but it is less stringent than the corresponding chapter in the TPP.
- The CPTPP maintains strong protections for intellectual property, but it does not go as far as the TPP in terms of extending copyright terms or restricting access to copyrighted works.
3. Investor-State Dispute Settlement (ISDS):
- The CPTPP maintains the ISDS mechanism, which allows corporations to sue governments for policies that they believe violate the agreement.
- However, the CPTPP includes some changes to the ISDS mechanism that are designed to make it more transparent and accountable.
4. Scope and Coverage:
- The CPTPP covers a broad range of trade issues, including tariffs, non-tariff barriers, investment, services, and intellectual property.
- The CPTPP is essentially a comprehensive free trade agreement that aims to reduce trade barriers and promote economic integration among its members.
5. Membership:
- The CPTPP currently has 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
- The United Kingdom has signed the accession protocol and will join the agreement once all current members have ratified its addition.
In summary, the CPTPP is a revised version of the TPP that is designed to address some of the concerns that were raised about the original agreement. The CPTPP maintains the core objectives of the TPP, but it is less ambitious in some areas, such as intellectual property rights and ISDS. The CPTPP is a significant trade agreement that has the potential to boost economic growth and integration among its members.
![[Image: IMG-1008.jpg]](https://i.ibb.co/DfK41bB/IMG-1008.jpg)