The Trans-Pacific Partnership is one of the largest free trade
agreements in the world with many benefits for members. In Latin
America, Chile, Peru and Mexico are part of the TPP.
Three of the 11 countries in the Trans-Pacific Partnership are
in Latin America and a fourth – Colombia – is hoping to
join next year.
Chile, Peru, and Mexico are part of what is seen as the most
significant trade agreement in recent years – despite the US
backtracking on its original support and declining to join.
Together, the Trans- Pacific Partnership county's economies
account for 13% of global gross domestic product (GDP).
Negotiations for the new trade deal had taken several years
before the pact was signed in Chile on March 8th. The 11 nations in
what is now known as the Comprehensive and Progressive Transpacific
Partnership (CPTPP), shortened to 'TPP 11', together
account for about 15% of global trade and represent approximately
500 million people. The agreement is the world's
