International Journal of Advanced Multidisciplinary Research and Studies
Volume 2, Issue 2, 2022
Challenges for the CP-TPP Agreement without USA
Author(s): Pham Thi Giang Thuy, Nguyen Hoang Tien
Abstract:
The purpose of this article is to identify a challenge that 11 countries participating The Comprehensive Partnership and Trans-Pacific Partnership (CPTPP) have to face off when The United States withdrawal this agreement. Besides the objective of removing tariff barriers, the CPTPP seeks to remove non-tariff barriers, to open the service market and to lay the foundation for some economic and environment standards among the stakeholders. The CPTPP is still continue but the lack of US is also a big shock with 11 remaining countries as the US accounts for 60% GDP of TPP’s total GDP and about 40% merchandise trade in group.
Keywords: Challenge, CPTPP, United States
Pages: 270-276
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