Final version of the Trans-Pacific Partnership trade deal released.

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According to February 20th Reuters article, the remaining 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have finalized the trade pact set to be signed in Chile on March 8th. After signing, the trade deal provisions will take effect at the end of 2018 or the first half of 2019.

Reports indicate the final version removes or changed 20 provisions regarding intellectual property that were originally included by the United States. Also known as “TPP-11”, the remaining parties believe the trade pact will benefit all members economically across all job sectors. The 11 member countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Check back here for more updates. If you have any trade or customs law questions, contact David Hsu at 832-896-6288 or dhsu@givensjohnston.com.

 

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