Notification of Completion of Domestic Procedures for the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (TPP11 Agreement)
1. On July 6, the Government of Japan notified the Government of New Zealand, which is designated as the Depositary of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (TPP11 Agreement), of the completion of Japan’s domestic procedures for the Agreement, through the Embassy of Japan in New Zealand.
2. The TPP 11 Agreement is a legal framework to realize the contents of the Trans-Pacific Partnership (TPP) Agreement which will promote liberalization and facilitation of trade in goods and services, and investment, as well as establish new rules in a wide range of areas including intellectual property, electronic commerce, state owned enterprises, and the environment in the Asia-Pacific region.
3. The conclusion of the TPP 11 Agreement will contribute to Japan’s Growth Strategy. Moreover, it is hoped that it will be a powerful message from Japan, as the standard-bearer for free trade, to the world amidst the current global trend towards protectionism, and a significant step to create free and fair 21st-century rules in the Asia-Pacific region.
4. Japan is the second among the 11 signatories to the TPP 11 Agreement to notify the Depositary following Mexico, adding momentum towards the entry into force of the Agreement. Japan will continue to work with other signatories to achieve early entry into force of the TPP 11 Agreement.
(Reference 1) Signatories to the TPP 11 Agreement
Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam
(Reference 2) Article 3 of the TPP 11 Agreement stipulates that the Agreement shall enter into force 60 days after the date on which at least six signatories to the Agreement have notified the Depositary of the completion of their applicable legal procedures.