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International relations

TPP-11 on track to take effect in mid-January

New Zealand, Australia, Vietnam and Canada to ratify trade pact this year

Containers are seen at the port of Auckland, New Zealand. The country is preparing to ratify the TPP in the coming weeks.   © Reuters

TOKYO -- The 11-country Trans-Pacific Partnership is expected to go into force in mid-January, with signatories topping the required six by November, creating a multilateral free trade bloc covering 15% of global trade.

New Zealand, Australia, Vietnam and Canada are on track to complete the ratification process by November, joining Japan, Mexico and Singapore, which have already done so. The pact kicks in 60 days after six or more members ratify it.

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