Comprehensive and Progressive Agreement for Trans-Pacific Partnership
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), previously abbreviated as TPP11 or TPP-11 before enlargement, is a multilateral trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom and Vietnam. The twelve members have combined economies representing 14.4% of global gross domestic product, at approximately US$15.8 trillion, making the CPTPP the world's fourth largest free trade area by GDP, behind the United States–Mexico–Canada Agreement, the European single market, and the Regional Comprehensive Economic Partnership.