ASEAN pitches climate shift as hugely lucrative, adding $2.1t to economy, finance by 2030 +12m jobs + global carbon market ? (2)

This is what I’m talking about:

ASEAN is linking to the EU carbon market … so a global carbon market aint out of reach, despite the Trumpian optics.

If these important countries including Indonesia can be wooed by the EU, Japan, China, India … even the US …will come on board. (See below for evidence, linkages)

Tech to take off even more

Full document, published May 26, 2025

The ASEAN nations are the member countries of the Association of Southeast Asian Nations (ASEAN). ASEAN is a regional intergovernmental organization established in 1967 to promote political and economic cooperation and regional stability.

As of now, ASEAN has 10 member states:

Brunei Darussalam

Cambodia

Indonesia

Laos (Lao People’s Democratic Republic)

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam

There is also a candidate country:

Timor-Leste (East Timor): It was admitted “in principle” as the 11th member in 2022 and is currently undergoing a process to become a full member.

These nations collaborate on issues such as trade, security, education, and cultural exchange.

Overlap

…..

Yes, there is some overlap between ASEAN and the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), but they are distinct groups with different focuses and memberships.

🌏 CPTPP Members (as of now):

Australia Brunei Canada Chile Japan Malaysia Mexico New Zealand Peru Singapore Vietnam (United Kingdom has acceded but full entry is pending implementation.)

✅ ASEAN–CPTPP Overlap:

The following ASEAN members are also CPTPP members:

Brunei Malaysia Singapore Vietnam

So, 4 ASEAN countries are also CPTPP members.

🔍 Summary:

ASEAN is a Southeast Asian political and economic union. CPTPP is a broader trade pact focused on the Asia-Pacific region and includes countries from the Americas and Oceania. The two are not the same, but some ASEAN nations participate in both to expand their trade and diplomatic networks. (Chat GPT)

Grok explains links with North America:

The latest news on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) highlights several key developments:

  • Recent Ministerial Meeting: On May 16, 2025, CPTPP ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom, and Vietnam convened in Jeju, Republic of Korea. They focused on promoting inclusive and sustainable trade growth, reviewed progress on the General Review initiated in Vancouver in November 2024, and discussed Costa Rica’s accession process while committing to advance other pending accession requests in line with the Auckland Principles.
  • UK’s Accession Impact: The UK’s integration into the CPTPP, effective December 15, 2024, has been a significant milestone. As the first European member, the UK’s entry boosts the bloc’s GDP to approximately $16 trillion, representing about 15% of global trade. The agreement facilitates tariff-free exports for over 99% of UK goods to CPTPP members, potentially adding £2 billion annually to the UK economy by 2040. However, its economic impact is considered modest compared to trade with the EU or US, with geopolitical significance emphasized as a driver for enhancing UK presence in the Asia-Pacific.
  • Certificates of Free Sale (CFS): Following the UK’s accession, CPTPP members cannot require Certificates of Free Sale for UK cosmetic products as a condition for market entry, streamlining trade in this sector. This change took effect with the UK’s formal entry on December 15, 2024, for most members, with Australia following on December 24, and Canada and Mexico pending ratification.
  • Expansion Discussions: The CPTPP is evaluating further expansion, with Costa Rica as the frontrunner for the next accession due to its alignment with the Auckland Principles. China’s application, submitted in 2021, faces political hurdles, particularly due to tensions involving Taiwan, and has been deferred. Other applicants like Taiwan, Ukraine, Uruguay, and Ecuador are also under consideration, but progress remains slow due to the need for consensus among members.
  • EU Engagement: Recent posts on X suggest growing interest in dialogue between the CPTPP and the EU to enhance trade rules and supply chain resilience, though the EU is not pursuing full membership. This aligns with efforts to diversify trade and reduce strategic dependencies in the Indo-Pacific region.

These updates reflect the CPTPP’s ongoing efforts to expand its economic influence and adapt to global trade dynamics, with a focus on inclusivity, high standards, and regional integration. For further details, you can explore official resources like gov.uk or canada.ca.

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