TPP: A better access to the beef market
11 countries of the Pacific coast will sign the Trans-Pacific Partnership pact in March, which will represent a great deal for the exporters of these countries.
The TPP seeks to reduce trade barriers, establish a common intellectual property framework, strengthen the standards of labor law and environmental law, and establish an arbitration mechanism for investor-state disputes.
The actual members of the TPP are: Australia, Brunei, Canada, Chile, Japan, Malasia, Mexico, New Zealand, Perú, Singapore and Vietnam.
TPP-11 or CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) ended at a meeting of trade officials in Tokyo on January 23, and it is expected to be formally signed on March 8 in Chile.
Once it takes effect, the CPTPP will initiate significant improvements in the current access arrangements and generate new export opportunities for its members.