What You Need to Know

The Trans Pacific Partnership is a trade agreement that was negotiated between twelve Pacific Rim countries covering a variety of economic matters.  Completed in October 2015, after 7 years of negotiations, the agreements stated goal was “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 labor and environmental protections.”

The 12 participating countries are:  Brunei, Chile, New Zealand, Singapore, Australia, Canada, Japan, Malaysia, Mexico, Peru, United States and Vietnam.  Together, these countries represent 40% of global GDP and 30% of world trade.  The negotiated treaty includes incentives for others to join.

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