Dechert LLP (JD Supra Australia)
TPP's Successor to Enter into Force, Ushering in New Trade and Investment Arbitration Opportunities
The Comprehensive and Progressive Trans-Pacific Partnership (“CPTPP”) will take effect on December 30, 2018. Australia ratified the agreement on October 31, 2018, joining Mexico, Japan, Singapore, New Zealand and Canada, and triggering the 60-day countdown to entry into force. Five other signatory states have yet to ratify the agreement: Brunei, Chile, Malaysia, Peru and Vietnam.
The Trans-Pacific Partnership agreement (TPP), which promises significant trade liberalization and investment protection, is finally agreed
After 10 years of negotiations, trade ministers from 12 Pacific Rim countries representing 40% of the world’s economy and one-third of global trade have reached a trade agreement, referred to as the Trans-Pacific Partnership (TPP) treaty, which will, if approved, help to promote economic growth in the Asia-Pacific region in the 21st century.