Signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
1. On March 8, Mr. Toshimitsu Motegi, Minister of State for Economic and Fiscal Policy, who was dispatched as the special envoy of the Government of Japan, signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership along with representatives from the other 10 participating countries, in Santiago, Chile.
2. This agreement has substantial strategic significance because it will maintain the high-level content of the TPP Agreement which promotes the liberalization of trade in goods and services and the liberalization and facilitation of investment in the Asia-Pacific region, where there has been remarkable growth, and establishes new 21st century rules in a wide range of areas, such as intellectual property, electronic commerce, state-owned enterprises, and the environment while creating the foundation for further expanding a free and fair economic order in the region.