The signing of the Trans-Pacific Partnership (TPP) marks another opportunity for Australia in a multilateral framework. The next phase is to see the signatories enact legislation in their home country to enable the TPP.
The Australian Government sees that the TPP will:
- “open substantial new trade and investment opportunities for Australia;
- promote job-creating growth;
- further integrate our economies in this fast-growing region; and
- promote and facilitate regional supply chains.”
What it will mean for Australian exporters, manufacturers, service industry providers and investors is outlined here.
During the Australian public discussions, there have been a number of concerns raised about aspects of entering into the TTP. This document seeks to answer issues raised.