OECD welcomes CPTPP agreement


08/03/2018 – The OECD welcomes today’s signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by participating countries in the Asia-Pacific region.


The CPTPP covers eleven countries that make up 13.5% of world GDP (US$10 trillion), among them some of the region’s fastest-growing economies. The agreement will strengthen standards in such critical areas as environmental protection, anti-corruption, and workers’ rights, set forward-looking policies for digital trade and SMEs, and completely eliminate tariffs on 95% of goods traded between its members.


“The OECD has long been an advocate for market openness that supports sustainable and inclusive growth.” OECD Secretary General Angel Gurría said in response to the signing, “The CPTPP is a modern high-standard agreement that will benefit firms and families alike, create more and better-paying jobs, and raise the standard for labour and environmental protections in the region.”



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