Common Contracts
1 similar Comprehensive and Progressive Agreement for Trans-Pacific Partnership (Cptpp) contracts
ContractComprehensive and Progressive Agreement for Trans-Pacific Partnership (Cptpp) • February 12th, 2018
The Revival of the Trans-Pacific Partnership The long-awaited Trans-Pacific Partnership (TPP), which was abandoned following the United States’ withdrawal from the pact in January 2017, is now being resurrected under a new name: the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP). All former TPP member countries – with the exception of the United States – came to an agreement on the 23 January 2018. Leaders of the 11 remaining members, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, are expected to sign the new pact at an official signing ceremony to be held in Chile in March. Signed in early 2016, and ratified by two of the signatories, the now-obsolete TPP mandated the removal of tariffs on 95 percent of goods over a rolling period and established mechanism for investor-state dispute settlement (ISDS). While the former remains intact, the ISDS has been reduced in scope and foreign firms which e
