 parties to the trade agreement | |
| Type | Trade agreement |
|---|---|
| Drafted | 3 June 2005[1] |
| Signed | 18 July 2005[2][3][4] |
| Location | Wellington, New Zealand |
| Effective | 28 May 2006[5] |
| Condition | 2 ratifications |
| Parties | |
| Depositary | Government of New Zealand[3] |
| Languages | English and Spanish, in event of conflict English prevails[3] |
The Trans-Pacific Strategic Economic Partnership Agreement (TPSEP), also known as P4,[6] is a trade agreement between four Pacific Rim countries concerning a variety of matters of economic policy. The agreement was signed by Brunei, Chile, Singapore and New Zealand in 2005 and entered into force in 2006. It is a comprehensive trade agreement, affecting trade in goods, rules of origin, trade remedies, sanitary and phytosanitary measures, technical barriers to trade, trade in services, intellectual property, government procurement and competition policy. Among other things, it called for reduction by 90 percent of all tariffs between member countries by 1 January 2006, and reduction of all trade tariffs to zero by the year 2015.[7]
- ^ "Brunei Darussalam, Chile, New Zealand and Singapore conclude negotiations on a Trans-Pacific Strategic Economic Partnership Agreement" (Press release). Joint Press Statement from Brunei Darussalam, Chile, New Zealand and Singapore Ministers. 3 June 2005. Archived from the original on 7 September 2006. Retrieved 15 December 2012.
Brunei Darussalam Ambassador-at-Large Princess Masna, Chilean Minister of Foreign Affairs Mr Ignacio Walker, New Zealand Minister for Trade Negotiations Hon Jim Sutton, and Singapore Minister for Trade and Industry Mr Lim Hng Kiang today announced the successful conclusion of negotiations for a Trans-Pacific Strategic Economic Partnership Agreement (Trans-Pacific SEP).... The Ministers will recommend the results of the negotiations to their respective governments for signature.
- ^ "Second free trade agreement to be signed by NZ this year" (Press release). New Zealand Government. 18 July 2005. Archived from the original on 5 May 2015. Retrieved 7 October 2015.
The first multi-party free trade agreement spanning the Pacific and Asia was signed today in a ceremony at Parliament, announced Prime Minister Helen Clark.
- ^ a b c "Treaties for which NZ is Depositary: Trans-Pacific Strategic Economic Partnership (TPSEP or P4)". Archived from the original on 9 February 2013. Retrieved 15 December 2012.
- ^ "FTA signed: NZ, Chile, Singapore and Brunei to end tariffs". The National Business Review. 19 July 2005. Archived from the original on 14 March 2016. Retrieved 15 December 2012.
- ^ "Trans-Pacific Strategic Economic Partnership Agreement: Understanding the P4 – The original P4 agreement". Archived from the original on 10 February 2013. Retrieved 15 December 2012.
The agreement provisionally entered into force (between New Zealand and Singapore only) on 1 May and officially entered into force on 28 May. The Agreement entered into force for Brunei on 12 July 2006, and for Chile on 8 November 2006.
- ^ "SICE: Trade Policy Developments: Trans Pacific Partnership Agreement". www.sice.oas.org. Retrieved 2021-08-19.
- ^ "Trans-Pacific Strategic Economic Partnership Agreement" (PDF). NZ Ministry of Foreign Affairs & Trade. 2005. Archived from the original (PDF) on 14 May 2015. Retrieved 28 January 2012.