Trade Ministers of the 12 participating countries signed the TPP in Auckland,
New Zealand, completing the process of negotiations.
the Secretary of Economy, Ildefonso Guajardo Villarreal, signed on behalf of
Mexico, the Trans-Pacific Partnership Agreement (TPP), in the city of Auckland,
New Zealand, depositary country of the instrument. The TPP also was signed by the
Trade Ministers of Australia, Brunei Darussalam, Canada, Chile, United States,
Japan, Malaysia, New Zealand, Peru, Singapore and Vietnam, countries that along
with Mexico shape the Agreement.
the event, the Ministers expressed their satisfaction at the completion of the
process of negotiations for the newest Trade Agreement because of its level of
ambition, range of topics and high standards, and that will guide the
international trade negotiations for the next decades.
signing the TPP, the legislative phase for its ratification starts in each one
of its economies. In the case of Mexico, it correspond to the Senate of the
Republic the review and approval of the text of the Agreement.
TPP will enter into force two years after its signature if the 12 participating
countries report their ratification or, failing that, when six countries,
representing 85% of Gross Domestic Product of the TPP do so.
Agreement is a strategy of Trade and Investment articulated by Mexico in
Asia-Pacific, the region that will record the highest growth over the next 25
years. With the TPP, the Mexican products will have access to six markets which
had not been dealt any commercial agreement (Australia, Brunei Darussalam, Malaysia,
New Zealand, Singapore and Vietnam) and that represent a market of 155 million
potential consumers. The Agreement also strengthens the productive integration
of Mexico with the United States and Canada, and deepens the business
relationship with strategic partners such as Japan, Chile and Peru.
joining the process of negotiating the TPP in October 2012, Mexico was
accompanied by the national productive sector through the so-called "room
next door" to consider its interests and sensitivities in Mexico's position
during the discussions.