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With that in mind, let’s dive into the topic of the Trans-Pacific Partnership Free Trade Agreement definition. The Trans-Pacific Partnership (TPP) is a trade agreement between 12 countries, including the United States, Japan, Canada, and Australia, among others. The agreement was originally signed in February 2016 but never went into effect. The agreement aimed to promote free trade between the participating countries, reduce tariffs, and increase investment opportunities.

However, the agreement was a controversial topic, with some criticizing the lack of transparency in the negotiations and how it would impact jobs and the environment. In fact, the TPP was a major topic during the 2016 U.S. presidential election, with both major candidates taking a stance on the agreement.

The TPP’s goal was to create a high-standard free trade agreement, including provisions on labor, the environment, intellectual property, and e-commerce. The agreement aimed to promote economic growth and increase trade between the participating countries. The agreement would have eliminated tariffs on a variety of goods and services, including agricultural products, textiles, and automobiles.

While the TPP never went into effect, it has been replaced by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes 11 countries, excluding the United States. The CPTPP is similar to the TPP and aims to promote free trade, reduce tariff barriers, and increase investment opportunities.

In summary, the Trans-Pacific Partnership Free Trade Agreement was a proposed agreement between 12 countries, including the United States, aimed at promoting free trade and increasing investment opportunities. While the agreement was never implemented, it has been replaced by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which includes 11 countries and aims to achieve similar goals.