The American Chamber of Commerce in New Zealand (AmCham) applauds today’s signature in Auckland of the landmark Trans-Pacific Partnership (TPP) trade agreement between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam.
The agreement covers some 40 percent of global GDP and a market of more than 800 million people, and around one third of world trade. It sets a new standard for trade and investment in one of the world’s fastest growing and most dynamic regions, with interest already being shown by a number of other economies throughout the region to join at a later time.
AmCham Executive Director Mike Hearn stated “We congratulate the Trade Ministers and all the negotiators on today’s significant achievement and look forward to working with our AmCham colleagues in other TPP countries towards ratification and implementation of the agreement at the earliest opportunity”.
AmCham New Zealand has been promoting trade, investment, tourism and education links between the United States of America and New Zealand for over 50 years and is the largest bilateral business council in New Zealand.