Publication
Asia Pacific Foundation of Canada
Expectations were high as trade ministers of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) gathered in Melbourne, Australia, in late November 2025, during what has been an unprecedented year for global trade. U.S. President Trump’s tariff spree has shaken the foundations of the multilateral trade order. China’s newly tightened export controls on critical minerals have threatened to grind global manufacturing dependent on Chinese supplies to a halt. Against this backdrop of trade disruptions, the CPTPP, made up of small and medium-sized nations dependent on trade, has an opportunity to shore up the rules-based foundations underpinning global commerce.
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