Trans-Pacific Partnership | October 2015
Negotiations for one of the largest Free Trade Agreements in history, the Trans-Pacific Partnership (TPP), concluded Monday 5th October, 2015.
The agreement focuses on reducing cross-border regulations, increased data protection and encouraging a more predictable legal environment for businesses to operate in. The agreement strengthen investment between all participating nations.
What countries are a part of the Trans Pacific Partnership?
- New Zealand
- The United States
What does it mean for you when shipping between these nations?
The new agreement is set to open markets, cut red tape and reduce tariffs between the nations.
Customs officials will require fewer documents and adopt electronic pre-arrival processing and clearance of shipments
These steps will ensure expedition and reliability of the delivery of cargo.