Despite some concerns, the revamped CPTPP which became a reality recently is a force for good in international trade. The next steps are to expand membership and to establish a small secretariat.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is the new acronym for the earlier botched Trans-Pacific Partnership (TPP), might pose serious problems for Asean countries that are signing up to this major trade and investment deal.
Six years in the making, the Regional Comprehensive Economic Partnership (RCEP) is slated to become an Asean-centric, comprehensive free trade area.
The Mekong region is emerging to be a new growth center as well as a strategic frontier for Asia due to its relatively high economic performance, deepening regional integration, and complex interdependence within the region.
If any country deserves accolades for bringing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to a successful conclusion, it is Japan.