Argentina to apply for CPTPP membership

Argentina is set to formally request accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) this Wednesday. The announcement was made by Foreign Minister Pablo Quirno, who stated the application would be delivered in Paris to New Zealand's Trade Minister, the treaty's depositary.

Quirno, currently in France for the OECD Ministerial Meeting, intends to highlight Argentina's progress in macroeconomic stability, economic openness, and improved conditions for investment and job creation. The administration of President Javier Milei seeks to foster an environment conducive to private sector development.

"We started this government trading with 10% of the world's GDP, we took it to 30% with the EU-Mercosur agreement, and we will continue to advance rapidly," Quirno remarked, emphasizing the government's commitment to expanding economic ties.

The CPTPP, established in 2018, currently includes 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United Kingdom. The bloc represents a significant free trade area, encompassing nearly 500 million people and approximately 15% of the global GDP.

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We started this government trading with 10% of the world's GDP, we took it to 30% with the EU-Mercosur agreement, and we will continue to advance rapidly.