The conditional invitations for Mexico and Canada that were first extended during the G-20 Summit in Los Cabos, Mexico, this past June, have now become permanent. Both North American governments announced yesterday that they had joined the now-11-strong Trans-Pacific Partnership (TPP), a cross-oceanic trade zone, in a move that was widely expected.
Public hearings for Canada and Mexico conducted by other TPP members were necessary prior to full invitation, according to TPP guidelines. Specifically, the U.S. Congress just completed a 90-day consultation that allowed the accession process to move forward.
Canada and Mexico now join the United States, Chile, Peru, New Zealand, Australia, Singapore, Malaysia, Brunei, and Vietnam in a trade alliance that encompasses 658 million people and a combined GDP of $20.5 trillion—or 26 percent of global GDP.
Mexico and Canada will join their nine allies in Auckland, New Zealand, for the next round of TPP talks from December 3-12.