Official Trans-Pacific Partnership Text Released
Earlier today, Canada’s Department of Foreign Affairs, Trade, and Development released the official text of the Trans-Pacific Partnership (“TPP”). On October 5, 2015, after over a decade of difficult negotiations and compromise, 12 Pacific Rim countries reached agreement on is the TPP, referred to as “the largest, most ambitious free trade initiative in history”. In addition to Canada, parties to the TPP include Brunei, Chile, Japan, Australia, New Zealand, Singapore, Peru, Malaysia, Mexico, the United States, and Vietnam.
McCarthy Tétrault’s International Trade and Investment Law Group is carefully reviewing the text to provide you with our analysis and insights on the TPP and what it means for those seeking access to Canadian markets and investment opportunities and for Canadian companies doing business abroad. Over the coming days we will provide additional commentary on the key aspects of the TPP including:
- government procurement;
- investment protection and dispute settlement;
- consumer products, agriculture, automotive and other customs issues;
- intellectual property and pharmaceuticals;
- trade in services, mobility of labour, and regulatory coherence;
- technical barriers to trade and sanitary/phytosanitary measures; and
- environmental, transparency, and labour issues.
The Department of Foreign Affairs, Trade, and Development has provided a link to the TPP text and Canada’s side agreements here. Our previous analysis of Canada’s statement of benefits of the TPP can be found here. We look forward to providing further details, and strongly encourage you to stay seized of this important agreement.