We have come up with another arresting article of Inisder Monkey today, as we are discussing the top 2 biggest trade deals in history. Trade agreements are the engines of the global economy, and now, after the first wave of the coronavirus we would need something similar to restart the world economy again. The impact of this crises will haunt us for a long time, I’m afraid.
But now, without a further ado, let’s check out what Insider MOnkey have investigated for us about the top 2 biggest trade deals in history.
The Comprehensive Economic and Trade Agreement (2016)
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (2018)
It is the third biggest free-trade area across the globe, after the North American Free Trade Agreement (NAFTA) and the European Single Market. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership was signed by 11 countries, Canada, Australia, Japan, New Zealand, Chile, Mexico, Malaysia, Singapore, Brunei, Vietnam and Peru. Since 2018, when it was signed, several other countries have shown interest in joining the area, such as the US, the United Kingdom, Indonesia, Taiwan, and South Korea. This free-trade market means 500 million people, and if the countries mentioned above join, it will be even bigger. This was our list of the top 2 biggest trade deals in history, after Insider Monkey’s compilation.