Week 5:Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Flashcards
Which of the following is not a member of the CPTPP?
* New Zealand
* Peru
* Singapore
* South Korea
South Korea
Once the UK joins the CPTPP what % of the global GDP will the CPTPP be worth?
* 20%
* 15%
* 14%
* 10%
15%
Under the leadership of President … the USA negotiated joining the Trans-Pacific Partnership but on the first day of …’s Presidency the USA withdrew from the deal
* Barack Obama, Donald Trump
* Donald Trump, Joe Biden
* George W. Bush, Barack Obama
* Barack Obama, Joe Biden
Barack Obama, Donald Trump
What is the reason the UK’s deal to join the CPTPP has mixed reviews according to the article?
* Decreased tariffs could harm the domestic companies through cheaper international suppliers
* The CPTPP has little to offer the UK as it already has trade agreements with most of the member countries
* The USA withdrawing from the deal has reduced the public’s trust in the CPTPP
* The UK may be forced to lower standards on food and the environment
The UK may be forced to lower standards on food and the environment
Which is not a reason the UK wants to join the CPTPP?
* It will give the UK trade agreements with countries they previously didn’t
* It will help reduce the economic impact of Brexit
* It will boost the GDP by £1.8 billion
* Outlook on economic growth in the current market is bleak
It will give the UK trade agreements with countries they previously didn’t
True or false
The CPTPP allows member countries to keep tariffs on certain products of their choice
True
What year did the UK apply to the CPTPP?
* 2015
* 2017
* 2021
* 2023
2021
In 2022 how much did the UK make in exports to CPTPP countries?
* £40.8 billion
* £55.3 billion
* £60.5 billion
* £70.5 billion
£60.5 billion
