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On 21 January 2016, the New Zealand Trade Minister, Todd McClay, confirmed that his Government is planning to host the signing of the Trans-Pacific Partnership (TPP) in New Zealand on Thursday 4 February. New Zealand has issued invitations to TPP Ministers to sign the Agreement in Auckland. Mc Clay indicated that the signing will mark the end of the TPP negotiating process and will permit all 12 countries (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, US and Vietnam) to begin their respective domestic ratification processes. Signatories will have up to two years to complete that before the agreement enters into force, although there are three options to allow the TPP to enter into force. In New Zealand, following signature the Government will submit the final text of TPP and the National Interest Analysis to Parliament. The legislative changes to implement TPP will then go through normal policy and Parliamentary procedures. New Zealand intends to run a series of roadshows throughout the country during the review period. |
