Part 2/8:
The CPTPP is a monumental free trade agreement that includes countries such as Australia, Canada, Japan, Mexico, and Vietnam, among others, representing approximately 17% of global GDP. This agreement, initially conceived under Barack Obama in 2009 as part of an economic pivot towards Asia, aimed to influence China by setting a high standard for trade practices and regulations. Following the U.S. withdrawal from the agreement under Trump’s administration, Japan took the lead to push it forward, resulting in its establishment as one of the largest free trade agreements globally.