Japan has become the second country to complete domestic procedures for the Trans-Pacific Partnership-11 agreement, officially known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The move comes amid significant global headwinds over trade. Tokyo recently stepped up its efforts to prevent the United States from moving ahead with tariffs on automotive imports.
Japan announced it had completed the domestic procedures for the TPP-11 on the day it formally notified New Zealand, which is designated as the depositary for such declarations. The agreement specifies that the TPP-11 will enter into force 60 days after at least six signatories have given written notice of the completion of any relevant domestic legal procedures.
