
The Trans-Pacific Partnership (TPP) is a trade and investment liberalization initiative involving nine countries - Australia; Brunei; Chile; Malaysia; New Zealand; Peru; Singapore; United States; and Viet Nam. The aim of the TPP is the creation of a Free Trade Agreement (FTA) that will enhance trade and investment among the TPP partner countries and set new standards in the conduct of global trade.
To date, nine rounds of negotiations have been held. On November 11, 2011 during the APEC Summit in Honolulu, TPP Leaders were presented with the broad outline of a draft agreement which highlights the shared aspirations and ambitions of the nine countries involved. This was achieved despite the complexity of the issues discussed and the different developmental status of the negotiating partners.
TPP members are targeting to conclude negotiations in 2012, with July 2012 as an important milestone to agree on substantially all areas. The Intersessional meeting scheduled from 5 –...
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