Trans-Pacific Partnership explainer: what the deal is and what it means for Australia

The US has pulled out but the recently signed trade agreement has still been welcomed, although concerns remain

Australia has joined 10 other nations to sign the long-awaited Trans-Pacific Partnership, which many thought was doomed when Donald Trump withdrew the United States from the Obama-era pact in January 2017.

But after strong lobbying by Japan and Australia, the idea was revived and on Friday they struck the renamed Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or TPP-11.

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