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TIMELINE

 

Free trade agreements between negotiating parties:

 

1983

  • Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) (into force 1983)

 

1989

  • ANZCERTA services protocol (into force 1989)

 

2000

  • New Zealand Singapore Closer Economic Partnership Agreement (into force January 2001)
  • US - Vietnam Bilateral Trade Agreement (into force December 2001)

 

2003

  • US - Singapore Free Trade Agreement (into force January 2004)
  • US - Chile Free Trade Agreement (into force January 2004)
  • Singapore Australia Free Trade Agreement (into force July 2003)

 

2004

  • US - Australia Free Trade Agreement (into force January 2005)

 

2005

  • Trans-Pacific Strategic Economic Partnership Agreement (P4) (into force May 2006 NZ and Singapore, November 2006 Chile, July 2009 Brunei)

 

2006

  • US - Peru Free Trade Agreement (into force February 2009)
  • Peru – Chile Free Trade Agreement (into force August 2009)

 

2008

  • Australia – Chile Free Trade Agreement (into force March 2009)
  • Peru – Singapore Free Trade Agreement (into force August 2009)

 

TPP Timeline

2008

February

  • President Bush announces the US will join P4 negotiations on financial services and investment
  • Call for submissions by the NZ Ministry of Foreign Affairs and Trade on US/P4 financial services and investment negotiations

 

March

  • First round of US/P4 financial services and investment negotiations

 

June

  • Second round of US/P4 financial services and investment negotiations

 

September

  • Third round of US/P4 financial services and investment negotiations
  • President Bush announces negotiations for US to accede to P4 to form a Trans-Pacific Partnership
  • Bush invites Australia, Peru and Vietnam to join TPPA negotiations

 

October

  • NZ MFAT calls for submissions on the comprehensive US/P4 negotiations
  • Australia DFAT calls for submissions on Australia’s participation in the TPPA negotiations

 

November

  • Peru and Australia announce their participation in TPPA negotiations, with Vietnam initially as an observer
  • Barack Obama wins the US presidential election

 

2009

January

  • USTR calls for public comments on proposed TPPA

 

February

  • Letter is sent by 54 Members of US Congress to Obama opposing the TPPA
  • Obama administration announces deferral of TPPA negotiations for an unspecified period

 

March

  • USTR hearings conducted on TPPA
  • Letter is sent by 45 members of the US Congress to Obama supporting the TPPA
  • First round of TPPA negotiations scheduled for 30 March is cancelled
  • US Public Hearings on TPPA held

 

2010

 

March

  • US Congressional hearings on the TPPA held
  • First round of TPPA negotiations held 15-19 March in Melbourne, Australia
 
The Original P4 PDF Print E-mail

The Trans-Pacific Strategic Economic Partnership Agreement between Brunei Darussalam, Chile, New Zealand and Singapore was signed in 2005. The original Trans-Pacific Agreement negotiations were launched by Chile, New Zealand and Singapore at the APEC Leaders’ Summit in 2002. After attending a number of rounds as an observer, Brunei joined the Trans-Pacific Agreement as a “founding member”. It was given some flexibility to implement its commitments in light of its late joining; for example, it was given more time to negotiate its services and government procurement schedules. Negotiations on those schedules took place in 2008.

The Trans-Pacific Agreement entered into force on 1 May 2006 for New Zealand and Singapore following the passage of implementing legislation and regulations, and entered into force for Chile on 8 November 2006. The Agreement provisionally applied to Brunei from 12 June 2006 and came into full force in July 2009.

Negotiations on financial services and investment were deferred for two years. The Bush administration announced in February 2008 that the US would join those negotiations. Three rounds were held, in March, June and September 2008. The US announced in September 2008 that it would accede to the full P4 agreement and invited Australia, Peru and Vietnam to join them. The full participation of Australia and Peru was announced at the APEC Leaders’ meeting in Peru in November 2009, with Vietnam initially attending as an observer.

The first round of negotiations for the expanded the TPP to include the United States, Australia, Peru and Viet Nam was scheduled to take place in Singapore in March 2009. The proposal generated controversy in the US Congress, where 54 members wrote to President Obama opposing the agreement and 45 countered with a letter in support. In February 2009 the new US administration requested a postponement to allow time for a review US trade policy and priorities. The first round of negotiations was rescheduled for 15-17 March 2010 in Melbourne.

Last Updated on Tuesday, 16 March 2010 07:39
 


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