CPTPP ministers welcome US-Iran deal, urge safe passage through Strait of Hormuz
Ministers from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have expressed support for the recent US-Iran agreement, emphasizing the importance of safe passage through the Strait of Hormuz to maintain global trade stability. The ministers' endorsement comes as they also reaffirmed plans to expand the trade pact and bolster supply chain resilience, highlighting the bloc's commitment to economic security amidst geopolitical tensions. This move underscores the CPTPP's role in promoting international stability and economic cooperation in the face of global challenges.
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