Independent Review – Department of Foreign Affairs and Trade
On 9 February 2016 the Government tabled the Trans-Pacific Partnership (TPP) Agreement.
The TPP Analysis of Regulatory Impact on Australia was certified by the Department of Foreign Affairs and Trade as meeting the requirements of a Regulation Impact Statement. Under the Australian Government Guide to Regulation, the Office of Best Practice Regulation (OBPR) does not assess independent reviews.
The Treaty will eliminate barriers to trade and investment in the Asia-Pacific region, facilitate regional supply chains, improve on arrangements with existing free trade agreement partners, and create new preferential trading arrangements with Canada, Mexico and Peru.