CPTPP Takes Affect Without the US

An outcropping of the U.S.-backed Trans-Pacific Partnership (TPP) is now in effect—but it doesn’t include the world’s largest economy. The new year has brought enactment of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, (CPTPP), an 11-nation trade pact that came in the aftermath of the defunct TPP that was negotiated and signed by President…