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Published online by Cambridge University Press: 11 November 2021
The Trans-Pacific Partnership Agreement (TPP), originally intended to cover 12 Asia-Pacific countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam), was arguably the largest and most economically significant regional trade agreement (RTA) ever concluded. Together, the original TPP signatories accounted for about 26% of world trade and 36% of world GDP. In early 2017, the United States withdrew from the TPP on the direction of the then-newly elected US President, Donald J. Trump, casting the agreement’s future into uncertainty.
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