The CPTPP agreement will slash tariffs among 11 nations, making the goods of non-members such as the United States less competitive in those markets.
Vice President Mike Pence will join world leaders from China, Japan and India at the ASEAN Summit in Singapore this week.
CNBC explores the growing significance of the Association of Southeast Asian Nations — even as it struggles to deal with economic and security challenges.
The biggest trade deal in two decades was signed in March. What is the CPTPP, or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership? CNBC explains.
Australia signed an agreement on Saturday with Southeast Asian nations including Indonesia, Malaysia, Brunei and the Philippines to share intelligence to combat terrorism.
The benefits for CPTPP will likely be positive for exports and incomes across the member nations, says Matthew Circosta of Moody's Investors Service.
Greater access to the Japanese market under the revised Trans-Pacifc Partnership trade pact will be a boost, says New Zealand Trade Minister David Parker.
Steven Ciobo, Australia's minister for Trade, Tourism and Investment says the deal is part of the ongoing commitment to liberalize trade and investment which are "good for economic growth."
The final version of a landmark deal aimed at cutting trade barriers in some of Asia's fastest-growing economies was released on Wednesday.
Britain is trying to justify its existence and grab attention by sending a British warship to the South China Sea, a Chinese newspaper said.
The 10-member ASEAN bloc needs to spend about $171 billion collectively between 2017 and 2025 to tackle growing cyber threats.
Washington's involvement in the Philippine drug war and activity in the South China Sea were in focus as Trump visited Manila.
Beijing has begun testing a powerful new dredger ship capable of creating artificial islands, which many fear could be used in the South China Sea.
Companies with energy interests in disputed areas of the waterway could face harassment from China if they don't meet Beijing's demands.
An American business group has endorsed on Friday the ex-U.S. version of a trade deal that Trump dismissed as a “disaster.”
Beijing may be using underwater drones to strengthen its ambitions in the South China Sea.
Beijing warned Hanoi that it would attack Vietnamese bases in the Spratly Islands if drilling continued, the BBC says.
Indonesia is defending its maritime rights within the South China Sea in a perceived move against Chinese encroachment.
Two U.S bombers have flown over the disputed South China Sea, the U.S. Air Force said on Friday.