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International relations

TPP-11 to take effect on Dec. 30

Sixth country Australia ratifies trade pact, paving way for early launch

Representatives of members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade deal, nicknamed the TPP-11, pose for an official photo in Santiago, Chile, on March 8.
Representatives of members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade deal, nicknamed the TPP-11, pose for an official photo in Santiago, Chile, on March 8.   © Reuters

SYDNEY -- The 11-nation Trans-Pacific Partnership free trade agreement will come into force on Dec. 30, the pact's secretariat New Zealand announced on Wednesday.

Trade and Export Growth Minister David Parker said that six member states have ratified the pact. The trade deal takes effect 60 days after at least six countries complete the ratification process. It will come into force on Dec. 30, Parker said. This would be half a month sooner than previously expected.

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