Essentially, the TPP is an expansion of the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP
or P4) signed in 2006 between Brunei, Chile, Singapore, and New Zealand.
4) Chile, New Zeeland, Singapore and Brunei are members of the Trans Pacific Strategic Economic Partnership - TPSEP
Should the TPSEP
snowball eventually, this would be another major economic victory for New Zealand.
or P4 agreement came into effect in Nov 2006.
In 2008, the Bush administration agreed to enter into negotiations with the original members of the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP
) --Brunei, Chile, Singapore and New Zealand--which eventually became the TPP and for which the Obama administration became a strong advocate as part of its Asian pivot.
The starting point for the Trans--Pacific Partnership as a project was represented by the Trans-Pacific Strategic Economic Partnership Agreement (known also as TPSEP
or P4) which is a free trade area having as members Brunei, Chile, New Zeeland and Singapore that started in 2005 and in force since May 2006.