The first new commercial agreement that will enter into force in 2019 is the Comprehensive and Progressive Treaty for the Transpacific Association (CPTPP).
This agreement was known as the Transpacific Association until the United States withdrew.
The agreement, which was powerful, was rescued by the remaining 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam, and then changed its name.
The CPTPP now covers a market of almost 500 million people and the economies that comprise it represent approximately 13% of world GDP.
It is important to note that it eliminates tariffs on approximately 95% of the goods traded between member countries.