What I Learned This Week

While America postures, much of the world is moving ahead with trade agreements that will benefit their companies and farmers.

Last December, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, came into effect. The deal has been ratified by Australia, Canada, Japan, Mexico, New Zealand, Singapore and Vietnam. As its acronym suggests, it is the successor to the Trans-Pacific Partnership (TPP), the multilateral pact that was famously scrapped on Donald Trump’s first day in office. While many experts predicted that would be the end of TPP, the 11 remaining members regrouped and renegotiated—all but 22 of the more than 1,000 provisions in the TPP were carried over in CPTPP. While markedly smaller after the U.S.’s exit, the FTA is nevertheless significant—covering more than 13% of the w…

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