TPP countries. In dark green: currently in negotiations; in light green: announced interest (Wikipedia)
Leaders of the dozen member nations of the Trans-Pacific Partnership (TPP
) on Wednesday decided to sign the deal on February 4, 2016 in New Zealand and signatories’ respective legislatures would have two years to ratify it, international media reported.
The decision was adopted in Manila during a meeting arranged by U.S. President Barack Obama, on the sidelines of the 23rd APEC Economic Leaders’ Meeting.
The 12 countries namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States finalized the trade deal last month after five years of negotiations. They have committed to eliminate tariffs on some 18,000 products.