11 Asia-Pacific countries ink free trade deal

Chile's Foreign Minister Heraldo Munoz signing the Trans-Pacific Partnership trade deal, in Santiago, Chile, on March 8, 2018.
Chile's Foreign Minister Heraldo Munoz signing the Trans-Pacific Partnership trade deal, in Santiago, Chile, on March 8, 2018. PHOTO: REUTERS

Eleven countries, including Singapore, have signed a revised version of the Trans-Pacific Partnership trade agreement, now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Chilean Foreign Minister Heraldo Munoz said the signing of the agreement sends a "powerful message" against trade wars.

The CPTPP members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The CPTPP will make it easier for Singapore companies to do business in the region, the Ministry of Trade and Industry said.

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A version of this article appeared in the print edition of The Straits Times on March 10, 2018, with the headline '11 Asia-Pacific countries ink free trade deal'. Print Edition | Subscribe