trans-pacific-partnership-tpp

11 Pacific Rim countries have formally entered into a Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CP TPP or TPP11 in Santiago, Chile. It is a revised version of Trans-Pacific Partnership (TPP) proposed by the US, that was finalized after the US withdrew from it.

  • It includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Objective

To promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and promote transparency, good governance, and enhanced labour and environmental protections.