Trump and the TPP: un-writing history?
03 March 2017
In November 2009, President Obama formally announced the intention of the US to participate in the negotiations of the Trans-Pacific Partnership Agreement (TPP), a free-trade agreement tracing its origins to a 2005 pact between New Zealand, Brunei, Chile and Singapore. Negotiations were completed six years later on 5 October 2015. On 4 February 2016, 12 Pacific-rim countries (New Zealand, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, the US and Vietnam) signed the TPP. The original signatories of the TPP represent approximately 36% of the world’s GDP. The TPP’s objectives included:
- Promoting high levels of environmental protection.
- Improving working conditions and living standards.
- Recognising the importance of cultural identity and diversity among and within the parties.
Signing and “un-signing” the TPP
“… to provide written notification to the Parties and to the Depository of the TPP … that the United States withdraws as a signatory of the TPP and withdraws from the TPP negotiating process”.