TPP Trans-Pacific Strategic Economic Partnership Agreement

Also available in: Negocios Asia Affaires Asie   Negocios Asia

Course summary TPP Trans-Pacific Strategic Economic Partnership Agreement:

Trans-Pacific SEP P4 Asia Pacific America: Brunei Darussalam, Chile, New Zealand and Singapore

The Trans-Pacific Strategic Economic Partnership Agreement (TPP – better known as 'P4') between Brunei Darussalam, Chile, New Zealand and Singapore was signed in 2005.

Negotiations for an expanded agreement including the United States, Australia, Peru and Viet Nam began in March 2010, and the third round of negotiations took place from 4-9 October in Brunei. All parties are members of the APEC © group of nations.

To qualify for the preferential tariff treatment under the Trans-Pacific SEP, products must qualify as ‘originating’ goods from Brunei Darussalam, Chile, Singapore or New Zealand (or a combination of the members). Any goods traded among the four members that do not meet the Rules of Origin (ROO) will be subject to normal tariffs.

The Trans-Pacific SEP will comprehensively eliminate tariffs imposed by all four countries. Most tariffs will be eliminated when the Trans-Pacific SEP comes into force. The remaining tariffs will be removed by 2017 at the latest.

Under the Trans-Pacific SEP, the four countries retain their existing WTO rights and obligations on anti-dumping and countervailing duties procedures and the use of global safeguard measures.

Example of the course TPP Trans-Pacific Strategic Economic Partnership Agreement:

Economy, Trade and Investment - Free Trade Agreements (FTA) and Regional Trading Agreements (RTA) - Telecommunications and Information ICT - TPP - PECC

Topic: Globalization and regionalization