The trade and investment environment in the Asia-Pacific is one of the most dynamic, growth-oriented, and consequential to global companies, but also one of the most rapidly evolving. This week, eleven nations released the full text of the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This successor to the Trans-Pacific Partnership (TPP), will be signed in Santiago, Chile on March 8, by the trade ministers from Canada, Mexico, Chile, Peru, Japan, Singapore, Viet Nam, Malaysia, Brunei, Australia and New Zealand.
A review of the completed text of the CPTPP agreement provides a lens into how the landmark deal will reshape the regional trading and commercial landscape. Companies doing business in the region – or with competitors there – and those contemplating growth in these markets will want to pay close attention to the CPTPP. Close analysis will help guide investment choices, inform where companies base regional operations, and drive decisions about global supply chain management and preferential market access.
Crowell & Moring International helps shape and navigate this evolving policy landscape from both the public and private perspective. We help companies assess how to move forward in the Asia-Pacific, and counsel governments in the region as they implement domestic legal, regulatory, and policy changes to implement the provisions in the CPTPP. Here are some key dynamics to watch, as the CPTPP countries move toward ratification and implementation.
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