Trans-Pacific Strategic Economic Partnership Agreement
{{Infobox treaty
| name = Trans-Pacific Strategic Economic Partnership Agreement
| long_name =
| image =TPSEP-4 Countries.png
| image_width =250 px
| caption =parties to the trade agreement
| type =Trade agreement
| date_signed =18 July 2005{{cite press release |title=Second free trade agreement to be signed by NZ this year |url=http://www.beehive.govt.nz/release/second-free-trade-agreement-be-signed-nz-year |publisher=New Zealand Government |date=18 July 2005 |access-date=7 October 2015 |quote=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. |url-status=dead |archive-url=https://web.archive.org/web/20150505000121/http://www.beehive.govt.nz/release/second-free-trade-agreement-be-signed-nz-year |archive-date=5 May 2015 }}{{cite web |title=Treaties for which NZ is Depositary: Trans-Pacific Strategic Economic Partnership (TPSEP or P4) |url=http://www.mfat.govt.nz/Treaties-and-International-Law/01-Treaties-for-which-NZ-is-Depositary/0-Trans-Pacific-Strategic-Economic-Partnership.php |access-date=15 December 2012 |url-status=dead |archive-url=https://web.archive.org/web/20130209102543/http://mfat.govt.nz/Treaties-and-International-Law/01-Treaties-for-which-NZ-is-Depositary/0-Trans-Pacific-Strategic-Economic-Partnership.php |archive-date=9 February 2013 }}{{cite news |title=FTA signed: NZ, Chile, Singapore and Brunei to end tariffs |url=http://www.nbr.co.nz/article/fta-signed-nz-chile-singapore-and-brunei-end-tariffs |work=The National Business Review |date=19 July 2005 |access-date=15 December 2012 |archive-url=https://web.archive.org/web/20160314203507/http://www.nbr.co.nz/article/fta-signed-nz-chile-singapore-and-brunei-end-tariffs |archive-date=14 March 2016 |url-status=dead |df=dmy-all }}
| location_signed =Wellington, New Zealand
| date_sealed =
| condition_effective = 2 ratifications
| date_expiration =
| signatories =
| parties =
- {{flag|Brunei}}
- {{flag|Chile}}
- {{flag|Singapore}}
- {{flag|New Zealand}}
| ratifiers =
| depositor = Government of New Zealand
| languages = English and Spanish, in event of conflict English prevails
| wikisource =
}}
The Trans-Pacific Strategic Economic Partnership Agreement (TPSEP), also known as P4,{{Cite web|title=SICE: Trade Policy Developments: Trans Pacific Partnership Agreement|url=http://www.sice.oas.org/TPD/CHL_Asia/CHL_Asia_e.ASP|access-date=2021-08-19|website=www.sice.oas.org}} 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.{{cite web|url=http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf|title=Trans-Pacific Strategic Economic Partnership Agreement|publisher=NZ Ministry of Foreign Affairs & Trade|year=2005|access-date=28 January 2012|url-status=dead|archive-url=https://web.archive.org/web/20150514005708/http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf|archive-date=14 May 2015}}
Earlier agreements
By 2001, New Zealand and Singapore had concluded the Agreement between New Zealand and Singapore on a Closer Economic Partnership (NZSCEP). The Trans-Pacific Strategic Economic Partnership Agreement built on the NZSCEP.{{rp|5}}
Negotiations
During the 2002 Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting in Los Cabos, Mexico, Prime Ministers Helen Clark of New Zealand, Goh Chok Tong of Singapore and Chilean President Ricardo Lagos began negotiations on the Pacific Three Closer Economic Partnership (P3-CEP).{{citation |url=http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/transpacific-sepa-nia.pdf |title=Trans-Pacific Strategic Economic Partnership Agreement national interest analysis |date=July 2005 |access-date=5 August 2015 |isbn=978-0-477-03793-8 |work=Ministry of Foreign Affairs and Trade (New Zealand)}}{{rp|5}} According to the New Zealand Department of Foreign Affairs and Trade,{{rp|5}}
{{quote|"The shared desire was to create a comprehensive, forward-looking trade agreement that set high-quality benchmarks on trade rules, and would help to promote trade liberalisation and facilitate trade within the APEC region."|Ministry of Foreign Affairs and Trade, New Zealand 2005}}
Brunei first took part as a full negotiating party in April 2005 before the fifth, and final round of talks.{{cite web|url=http://www.mfat.govt.nz/Trade-and-Economic-Relations/2-Trade-Relationships-and-Agreements/Trans-Pacific/0-history.php|title=History of the Trans-Pacific SEP Agreement P4|work=mfat.govt.nz|url-status=dead|archive-url=https://web.archive.org/web/20130210151458/http://mfat.govt.nz/Trade-and-Economic-Relations/2-Trade-Relationships-and-Agreements/Trans-Pacific/0-history.php|archive-date=2013-02-10}} Subsequently, the agreement was renamed to TPSEP (Trans-Pacific Strategic Economic Partnership agreement or Pacific-4). Negotiations on the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4) were concluded by Brunei, Chile, New Zealand and Singapore on 3 June 2005, and entered into force on 28 May 2006 for New Zealand and Singapore, 12 July 2006 for Brunei, and 8 November 2006 for Chile.{{cite web |url=http://www.mfat.govt.nz/Trade-and-Economic-Relations/2-Trade-Relationships-and-Agreements/Trans-Pacific/0-history.php |title=Trans-Pacific Strategic Economic Partnership Agreement: Understanding the P4 – The original P4 agreement |access-date=15 December 2012 |url-status=dead |archive-url=https://web.archive.org/web/20130210151458/http://mfat.govt.nz/Trade-and-Economic-Relations/2-Trade-Relationships-and-Agreements/Trans-Pacific/0-history.php |archive-date=10 February 2013 }}
Parties
Although the TPSEP agreement contains an accession clause and affirms the members' "commitment to encourage the accession to this Agreement by other economies", no such accession have taken place.{{cite web |url=http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf |title=TRANS-PACIFIC STRATEGIC ECONOMIC PARTNERSHIP AGREEMENT |work=mfat.govt.nz |access-date=5 October 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150514005708/http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf |archive-date=14 May 2015 }} All four countries were involved however in the negotiations for the Trans-Pacific Partnership Agreement, about which agreement was reached in 2015 involving eight additional parties.
The TPSEP (and the TPP it grew into) are not APEC initiatives. However, the TPP is considered to be a pathfinder for the proposed Free Trade Area of the Asia Pacific (FTAAP), an APEC initiative.
See also
References
{{Reflist}}
External links
- {{cite web|url=http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf|title=TRANS-PACIFIC STRATEGIC ECONOMIC PARTNERSHIP AGREEMENT|publisher=Government of New Zealand|archive-url=https://web.archive.org/web/20071020114836/http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf|archive-date=2007-10-20|access-date=2017-05-18}}
{{Free trade agreements of New Zealand}}
Category:Free trade agreements
Category:Free trade agreements of New Zealand
Category:Free trade agreements of Chile
Category:Trans-Pacific Partnership
Category:Free trade agreements of Singapore