Argentina is set to apply for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to Foreign Minister Pablo Quirno. The announcement was made during a virtual address to the 43rd Congress of the Argentine Institute of Finance Executives. The application will be formally presented in Paris on Wednesday.

Expanding Trade Relations

The CPTPP is a significant free trade agreement that includes 12 countries, initially established in 2018. Current members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The United Kingdom joined the pact in 2024, and China has also expressed interest in joining.

Argentina’s move to join the CPTPP follows its recent support for other international trade agreements, including a reciprocal trade and investment agreement with the United States and the Mercosur-European Union agreement. These efforts underscore Argentina’s strategy to strengthen its economic ties and boost trade opportunities globally.

Minister Quirno emphasized the importance of these agreements in his address, stating, “We will continue to make rapid progress on these agreements.” This commitment reflects Argentina’s proactive approach to engaging with international markets and enhancing its economic prospects.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.