CPTPP's impact on Singapore | Video


Channel NewsAsia - Business


CPTPP's impact on Singapore | Video

(Updated: )

The landmark 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) deal came into force on Sunday (Dec 30). In all, 94 per cent of Singapore's trade with CPTPP parties will be tariff-free. While they welcomed the opportunities, SMEs here say the increased competition from expanded markets mean they will need to work harder to stand out.