We,
the Leaders of Australia, Brunei Darussalam, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and
Vietnam, met today to mark the conclusion of negotiations
on the Trans-Pacific Partnership agreement. We congratulate our
Ministers and negotiating teams, after more than five years of
negotiations, on delivering a result that achieves the goal set out in
2011 of a comprehensive, balanced, and transformational regional
agreement – one that spans the Pacific, touches three continents, and
unites 800 million people.
By setting high-standard trade rules that will support 21st-century
commerce and providing ambitious liberalization of trade and
investment, the TPP will strengthen and broaden the mutually-beneficial
linkages between our economies; enhance our regional and global
competitiveness; support the creation of jobs and new opportunities for
young people; promote economic growth and development in our countries;
support innovation and help to alleviate poverty;
and ensure the greatest benefits for our people.
We are pleased that the negotiated text
of the TPP agreement is now available in full for review
and consideration before it is signed. We look forward following
signature to the expeditious consideration and approval of the TPP,
consistent with each of our domestic processes. We will then focus on
fully implementing it, so that our consumers, workers,
farmers, and businesses both large and small can begin to realise its
shared benefits as swiftly as possible and the better future that the
TPP represents.
While
our focus is on approval and implementation of the results of
negotiations with our current partners, we have also seen interest from a
number of economies throughout the region. This interest
affirms that through TPP we are creating a new and compelling model for
trade in one of the world’s fastest growing and most dynamic regions.
We
welcome Prime Minister Trudeau to his first TPP Leaders’ meeting after
taking office two weeks ago. We also welcome his commitment to have his
new government review the agreement and engage in
a consultation process.
Source: The White House, Office of the Press Secretary
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