Eleven countries in the Pacific region have signed a major Asia-Pacific free trade agreement in Santiago, Chile. The deal is a new version of the Trans-Pacific Partnership from which the U.S. withdrew last year. The agreement is called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. The deal is aimed at reducing import taxes and putting in place trade rules for member nations. The countries represent 500 million people and more than 13 percent of the world economy. With the U.S., the agreement would have covered 40 percent of the world economy. U.S. President Donald Trump announced the withdrawal from the TPP trade pact soon after he took office. The move was a main campaign promise he made during the 2016 presidential election.
What does region mean?
a group of animals
seasonal weather
rules put in place
an area that is different than others for some reason
With the U.S., the agreement would have covered what percent of the world economy?
100 percent
5 percent
40 percent
75 percent
The deal is aimed at reducing import taxes.
import taxes
international tensions
cell phone use
national park debt