Ruchir Sharma, chief global strategist and head of emerging markets at Morgan Stanley Investment Management, joins CNBC's "Closing Bell" team to break down where emerging markets are headed.
The benefits for CPTPP will likely be positive for exports and incomes across the member nations, says Matthew Circosta of Moody's Investors Service.
It would, however, be "hard to imagine" a scenario where Australia isn't exempt from the tariffs from the U.S., says Heath Baker of Export Council Australia.
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."