On 4 February 2016, officials from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam signed the Trans-Pacific Partnership trade agreement. The agreement includes a number of measures regarding trade, including reductions of trade barriers, IP protections, a mechanism for dispute settlement and others.
The agreement will need to be ratified by all 12 countries and the ratification instruments deposited before entering into force. However, if not ratified by 4 February 2018, ratification by just six countries representing at least 85% of the GDP of all signatories will be required for it to enter into force. The Government of New Zealand is acting as the depositary for the agreement.
Click the following link for the full text of the Trans-Pacific Partnership agreement and related information.
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