The Ministry of Economics is pleased with the Senate’s approval of the Integral and Progressist Treaty of the Trans-Pacific Association (‘TPP-11’).
With this, Mexico became the first member country to approve the treaty it in just a month after its execution.
The new treaty will become effective within 60 days following the approval and notification of either 6 or 50 percent of the signatory countries.
According to the Ministry, TPP-11’s approval will strengthen Mexico’s commercial leadership across the globe.
TPP-11 includes new-generation disciplines which reflect our economy’s reality, which will allow companies take advantage of the opportunities offered by the treaty. It also contemplates disciplines such as electronic commerce, intellectual property, labor protection, environment, transparency and corrupt practices.