CLEANING UP ON TRADE TPP and the Environment
The Trans-Pacific Partnership (“TPP”) is a trade liberalization agreement signed by twelve countries on February 4, 2016. The signatories are: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Included in the TPP is a chapter relating to trade and the environment. This is not the first time that environmental protection has been ascribed as a goal of a bilateral or multilateral trade agreement. The TPP is different, however, in that it incorporates an enforcement mechanism that shows more teeth than seen in previous trade agreements.
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