The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP11 or TPP-11, is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It was developed from the Trans-Pacific Partnership (TPP), which never came into effect due to the withdrawal of the United States. At the time of its signature, the combined economies of the eleven countries accounted for 13.4% of the world`s gross domestic product (about $13.5 trillion), making the CPTPP the third largest free trade area in the world in terms of GDP, after the agreement between the United States, Mexico and Canada, the European single market and possibly after the regional comprehensive economic partnership signed in 2020. However, Canada`s biggest reservation was a conflict between the percentage of a vehicle that must come from a CPTPP member country to operate duty-free, which was 45% below the original TPP language and 62.5% below NAFTA. Japan, which is a major exporter of automobiles, supports significantly lower requirements.  In January 2018, Canada announced that it would sign the CPTPP after receiving mandatory ancillary letters on culture and bilateral agreements with Japan, Malaysia and Australia on non-tariff barriers to trade with any other CPTPP member country. The Auto Parts Manufacturers` Association of Canada strongly criticized the increase in the percentage of spare parts that can be imported duty-free and found that the United States was moving in the opposite direction by demanding stricter import standards in the ongoing nafta renegotiation.  The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Canada and 10 other countries in the Asia-Pacific region: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Once fully implemented, the 11 countries will form a trading bloc representing 495 million consumers and 13.5% of global GDP and providing Canada with privileged access to key markets in Asia and Latin America.
The Trans-Pacific Strategic Economic Partnership (TPSEP) is a trade agreement between four Pacific countries on a wide range of economic policy issues. The agreement was signed in 2005 by Brunei, Chile, Singapore and New Zealand and entered into force in 2006. It is a comprehensive trade agreement that undermines trade in goods, rules of origin, trade law, sanitary and phytosanitary measures, technical barriers to trade, trade in services, intellectual property, government procurement and competition policy. In particular, it called for all customs duties between Member States to be reduced by 90% by 1 January 2006 and for all trade tariffs to be reduced to zero by 2015.  The Agreement for Vietnam entered into force on 14 January 2019.    Pursuant to the terms of the merger agreement, as announced on 27 March 2019, WellCare has become a 100% subsidiary of Centene. Pursuant to the terms of the merger agreement, WellCare shareholders obtained a fixed exchange ratio of 3.38 cents of common shares and 120 $US in cash for each common share of WellCare. The Trans-Pacific Partnership agreement was concluded on the 4th but never entered into force, Donald Trump having withdrawn the United States from the agreement shortly after his election.  All original signatories to the TPP, with the exception of the United States, agreed in May 2017 on a stimulus and reached an agreement in January 2018 on the conclusion of the CPTPP.
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