TRANSPACIFIC PARNERTSHIP AGREEMENT OF FREE TRADE. A NEW INITIATIVE WHICH IS THE BIGGER ECONOMIC AGREEMENT IN THE LAST 20 YEARS WORLD WIDETrans Pacific Partnership Agreement • October 28th, 2015
Contract Type FiledOctober 28th, 2015The New Trans Pacific Partnership Agreement of Free Trade is an ambitious integration project in the Asia Pacific Region, which involve 12 countries, that was signed October 5th 2015 in Atlanta, USA. The negotiations of Economical Association started the year 2005, with the agreement known as P4 Strategic Transpacific Agreement. The agreement was signed initially in that time by Chile, Brunei; New Zeeland and Singapore. The reason for this new initiative it is that the commerce has not grown enough because the initiatives that have been negotiated in Doha in the last years are to slow, because is very difficult to get agreements with a big number of countries. On the other hand the P4 as grown very fast ant other countries have integrated later on the negotiations and by 2015 included 12 countries: Japan. Vietnam, Malaysia, Brunei, Singapore, Australia, New Zealand , Chile, Peru; Mexico, USA and Canada. (figure 1).