CPTPP

Canada announced plans to build a major oil pipeline to boost sales to Asia and increase oil and gas production, aiming to reduce reliance on the US and become an 'energy superpower.' The White House has threatened 100% tariffs on Canadian oil imports, prompting Prime Minister Mark Carney to pledge doubling non-US trade. Other countries are joining Asian trade blocs like CPTPP and RCEP to avoid US market unpredictability.

The UK and Mexico can now trade under the CPTPP Pacific pact, effective June 22. The pact includes eleven Pacific economies plus Britain, with annual trade between the two countries at around $8 billion.

The Shangri-La 2026 event highlighted potential shifts in regional security as U.S. allies and partners may shape the next phase following the U.S. exit from the TPP, similar to the CPTPP's evolution.

The article argues that Cambodia should join the CPTPP to attract long-term investment by committing to stable trade rules, despite the challenges of a fragmented global system. It highlights that such agreements provide policy predictability, which is beneficial for sustained economic growth.