Part 1/8:
The Evolving Landscape of Global Trade: EU and the CPTPP
As the implications of Donald Trump's tariffs reverberate through the international trading order, countries that are impacted are scrambling to forge new trade agreements to stabilize their economies. The European Union (EU) is taking significant steps in this direction, reigniting discussions with numerous countries regarding trade deals. Among the initiatives on the table is a potential collaboration with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade bloc comprising several key nations. This article will explore the nature of the CPTPP, the motivations driving the EU to consider joining, and the hurdles to such an agreement.