Trans-Pacific Partnership (TPP) is a Free Trade Agreement (FTA) among twelve country members, including United States, Canada, Mexico, Peru, Chile, New Zealand, Australia, Japan, Singapore, Brunei, Malaysia and Vietnam.
TPP is a New Generation FTA with board coverage of trade and non-trade matters and high level of commitments.
On February 4th, 2016, TPP was officially signed. Each Party is following its appropriate domestic procedures to ratify the Agreement. TPP is expected to come into force in 2018.
When Chancellor Angela Merkel touches down in Washington today, she will face the new reality of U.S.-EU economic cooperation in the Trump era.