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TPP

The Trans-Pacific Partnership (TPP) is a trade and investment agreement that was signed on 7 March 2018, after ten years of negotiation, between 11 Pacific Rim countries.

The TPP began as an agreement between the four Pacific states of Brunei Darussalam, Chile, New Zealand and Singapore. The P4 (Pacific 4), as it was then known, was signed on 3 June 2005 and came into force on 1 January 2006 as the Trans-Pacific Strategic Economic Partnership.

In September 2008, the US Trade Representative announced that the US would seek entry into the P4 agreement. For Washington, the P4 offered a neoliberal agenda-friendly platform to expand US economic and strategic interests in Asia. A few months later, the governments of Australia, Peru and Vietnam announced their intention to join as well. Malaysia, Mexico, and Canada joined the negotiations in 2010, while Japan joined in 2013. The US quickly assumed leadership of the whole negotiating process.

Over the years, trade unions, advocacy groups, internet freedom activists, indigenous peoples, environmentalists, health professionals and elected officials criticised and protested against the treaty because it was designed to extend and concentrate corporate power at the expense of people’s rights.

For instance, by granting corporations and investors enormous privileges, the TPP will help to further undermine conditions and wages for workers which have already been eroded by other trade and investment agreements.

Among other controversial clauses, the TPP parties have agreed to enhance cooperation on certain activities related to agricultural biotechnology. The treaty requires member states to ratify the UPOV Convention of 1991, a kind of patent system for seeds. This will expand the market for privatised genetically modified organisms (GMOs) and hybrids, and threaten traditional seeds and knowledge.

The TPP’s chapter on regulatory coherence forces a signatory government to engage with “interested persons” when it intends to strengthen public policies. This means that companies from TPP countries will be given the ability to provide input to national policy making in other member states. Governments will also have to conduct regulatory impact assessments, justifying the “need for a regulation” and exploring “feasible alternatives” before proceeding.

Finally, TPP’s sweeping investment chapter extends transnational companies ability to challenge public policies related to health, the environment (the treaty fails to mention climate change even once) or labour. It includes the controversial investor-state dispute settlement (ISDS) mechanism that allows corporations to sue a state if a new regulation hampers their expected profits or investment potentials. Of particular note, the treaty does not replace, for Canada, Mexico and the United States, the existing NAFTA, thus leaving open the prospect of investor-claimants shopping between the two treaties for the most advantageous rights.

The TPP was signed in New Zealand on 4 February 2016. But on 23 January 2017, the new US President Donald Trump signed an executive order formally withdrawing the US from the trade pact. On 21 May 2017, on the margin of the APEC forum in Vietnam, the remaining members agreed to conclude talks on an alternative arrangement of the deal without the US by November.

The remaining 11 countries signed the newly-dubbed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 8 March 2018.

Mexico ratified the treaty on 28 June 2018, followed by Japan on 6 July, Singapore on 19 July, New Zealand on 25 October, Canada on 29 October, Australia on 31 October and Vietnam on 15 November. The Treaty went into force on 30 December 2018 among the members who have ratified it.

The text of the agreement is available here: https://www.bilaterals.org/?tpp-trans-pacific-partnership

last update: July 2019


TPP-11 opens doors to new members
Japan eager to expand trade pact even though not all signatories have ratified.
Malaysia won’t be pressured into CPTPP: trade minister Darell Leiking
Malaysia will not be pressured into ratifying a 11-nation Asia-Pacific trade deal, as trade minister raised the prospect of holding out for bilateral tariff pacts instead.
Donald Trump reopens door to TPP participation, Asia reset
Donald Trump signed the so-called Asia Reassurance Initiative Act (ARIA) includes a call for the US to return to multilateral trade deals, countering the President’s own tendency to pursue agreements with individual countries such as Mexico, Canada and Japan.
A no-go for the US: What is the Trans-Pacific Partnership and why did it fail?
With the US as the centerpiece, the TPP would have given the country a more significant stake in Asia and the Pacific in much the same way as NAFTA did in America.
Pacific Rim trade deal enters into force with steep tariff cuts for six nations including Singapore, Australia, Japan
Pacific trade pact takes off with tariff cut in six nations that ratified the pact
Progressive alternatives needed as failed TPPA model enters
Professor Kelsey notes the earlier criticisms of the TPPA are as valid now as they always were.
Japan to extend copyright period on works including novels and paintings to 70 years on Dec. 30
The copyright period on works such as novels and paintings in Japan is set to be extended to 70 years after the authors’ deaths, from the current 50 years, as part of legislation to approve the TPP.
TPP-11 chief negotiators to meet in Tokyo next week, Japanese minister says
Chief negotiators will discuss how to operate the pact and the basic policy on accepting future members after it enters into force.
Vietnam ratifies Pacific rim trade pact abandoned by Trump
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP will take effect at the end of 2018 after Australia became the sixth nation to ratify it.
Taiwan envoy to ask Japan to back island’s bid for TPP membership
Taiwan plans to officially ask Japan to endorse its membership in the Trans-Pacific Partnership.

    Links


  • AFTINET TPP site
    Web page on the Trans-Pacific Partnership Agreement maintained by the Australian Fair Trade and Investment Network
  • Expose the TPP
    The TPP would expand and lock in corporate power. At the heart of the TPP are new rights allowing thousands of multinational corporations to sue the U.S. government before a panel of three corporate lawyers who can award unlimited sums to be paid by America’s taxpayers. Only six of its 30 chapters actually cover “trade.”
  • Help free the TPP!
    The Trans-Pacific Partnership agreement—which some have come to refer to as "NAFTA on steroids"—could ultimately affect the lives of billions of people worldwide. Neither the public, the press, nor even the US Congress knows the full extent of what’s in the text being negotiated—but corporate lobbyists know what it contains. Help us raise a reward for WikiLeaks should it publish the negotiating text of the TPP!
  • It’s our future
    Website on the implications of the Trans-Pacific Partnership agreement for New Zealand
  • Mexico Mejor Sin TPP
    Convergencia de Organizaciones Sociales y Ciudadanxs contra el Acuerdo Transpacífico de Cooperación Económica (TPP por sus siglas en inglés)
  • Moana Nui 2011
    Pua Mohala I Ka Po in collaboration with the International Forum on Globalization presents an international conference on Pacific transitions: "Moana Nui: Pacific peoples, lands and economies", November 9-11, 2011 Honolulu, Hawaii
  • Occupy TPPA
    The Trans-Pacific Partnership Agreement (TPPA) is a mega-treaty across nine or more countries. If the negotiations succeed they will put a straightjacket on the policies and laws our government can adopt for the next century. Corporations will gain massive new powers in Australia. Help us stop the TPPA!
  • Rock against the TPP
    Join us for a nationwide uprising and concert tour to stop the biggest corporate power grab in history: the Trans-Pacific Partnership.
  • Stop TPP Action
    Japanese alliance website