TPP: Introduction

The Trans-Pacific Partnership (TPP) is an economic agreement between 12 Pacific Rim countries that was reached on October 5, 2015 following 7 years of negotiations. The agreement aims to promote economic growth, support the creation and retention of jobs, enhance innovation, productivity, and competitiveness, and raise living standards of its member countries. The TPP contains a number of measures to lower trade barriers such as tariffs and is an expansion of the Trans-Pacific Strategic Economic Partnership Agreement that was signed in 2005. Its twelve members include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, SIngapore, the United States, and Malaysia.

Member Countries
Australia Brunei Canada
Chile Japan Malaysia
Mexico New Zealand Peru
Singapore United States Vietnam

Glossary