On 4 February 2016, officials from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam signed the Trans-Pacific Partnership trade agreement. The agreement includes a number of measures regarding trade, including reductions of trade barriers, IP protections, a mechanism for dispute settlement and others.
The agreement will need to be ratified by all 12 countries and the ratification instruments deposited before entering into f…