The agreement between Australia, Canada, Japan, Mexico, New Zealand and Singapore entered into force on 30 December 2018. While Australia and Canada do not yet have data for 2019, Japanese statistics for the first half of 2019 give an even more up-to-date picture. Japan recorded an increase in its trade deficit with Australia, Vietnam and Canada compared to the same period a year earlier. The overall decline in exports – 4.7 per cent – was overshadowed by lower sales to Australia, down 17.9 per cent, and to Canada with a 10.4 per cent decline. On the other hand, Japan`s imports from its two main CPTPP trading partners – Australia and Vietnam – increased by 5.1% and 7.0% respectively compared to the first half of 2018. These increases are particularly noteworthy compared to the overall decline in Japanese imports of 1.1%. Almost a year after its entry into force, the CPTPP`s economies have achieved mixed results in the short term. New Zealand ratifies the CPTPP during the Trade Minister`s trip to Ottawa and Washington (link leaves this page) October 25, 2018 Meanwhile, several economies are waiting to join the Bloc. Taiwan has repeatedly expressed interest in joining the agreement, as have Thailand and Indonesia. At the same time, South Korea, which was considering making a request, suspended its discussion in July, amid fierce relations with Japan.
In addition, rumours of a UK appeal after Brexit have been dismissed by Australian objections. Of course, the Trump administration has no plans to reverse its withdrawal from the original TPP. However, the U.S. search for trade pacts such as the U.S.-Mexico-Canada agreement and the U.S.-Japan trade agreement could lay the groundwork for their readmission under a different government. On 19 July 2018, Singapore became the third country to ratify the agreement and deposit its instrument of ratification.   On 25 October 2018, New Zealand ratified the CPTPP, bringing to four the number of countries that have formally ratified the agreement.  The Trans-Pacific Partnership Agreement was signed on February 4, 2016, but never entered into force, as Donald Trump withdrew the United States from the agreement shortly after his election.  All original signatories to the TPP, with the exception of the United States, agreed to a stimulus in May 2017 and reached agreement in January 2018 on the conclusion of the CPTPP. The solemn signing ceremony took place on 8 March 2018 in Santiago, Chile.
  The CPTPP contains most of the provisions of the TPP by reference, but it suspended 22 provisions that the United States preferred, that other countries refused, and lowered the threshold for adoption, so that U.S. participation is not necessary.  The agreement provides that its provisions will enter into force 60 days after ratification by at least 50% of the signatories (six of the eleven participating countries).  The sixth nation to ratify the agreement was Australia on October 31 and the agreement entered into force for the first six raking countries on December 30, 2018.  A1: The CPTPP is a free trade agreement between 11 countries in the Asia-Pacific region: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. . . .