• Joel & Mei

Malaysia signs the new CPTPP with the remaining nations upon US exit

On 8th March 2018, Malaysia, together with Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Peru, Singapore and Vietnam, signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP is a variation of the Trans-Pacific Partnership Agreement (TPP) which was initially signed with the United States of America being a party to the trade agreement during the Obama administration. However, on 23rd January 2017, the current US President, Donald Trump, signed a Presidential Memorandum to withdraw the US from the TPP. Since then, the remainder nations have met and have finally agreed to sign the CPTPP containing the original TPP terms with suspension of some provisions.