Singapore on Thursday (Jul 19) ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the third nation to do so after Mexico and Japan, the Ministry of Trade and Industry (MTI) said in a press release.
It will enter into force 60 days after six of the 11 signatories ratify the agreement.
"The CPTPP is a high-quality agreement which will reduce market barriers and foster trade in a combined market of 500 million people with a gross domestic product of US$10 trillion (S$13.6 trillion)," said MTI.
--
Wonder which 3 other Countries are ready to ratified the CPTPP and make the multi-lateral deals effective?
There is little time to lose as Trump is ramping up its trade war - that will cause Global Economy to falter.
No comments:
Post a Comment