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An economic partnership agreement is an economic arrangement that eliminates barriers to the free movement of goods, services, and investment between countries. This agreement can be considered an intermediate step between free trade area and single market in the process of economic integration. Economic partnerships are sometimes described as high standard variants of free trade agreements.
One example is the Japan-Mexico Economic Partnership Agreement. [1]
A Transatlantic Free Trade Agreement (TAFTA) is a proposal to create a free-trade agreement covering Europe and North America, on both sides of the Atlantic Ocean. Such proposals have been made since the 1990s. Between 2013 and about 2017 an agreement between the United States and the European Union (EU) was under negotiation - the Transatlantic Trade and Investment Partnership - but it was abandoned. Canada and Mexico both have free trade agreements with both the EU and European Free Trade Association (EFTA).
The nations of Australia and Mexico established diplomatic relations in 1966. Both nations are members of the Asia-Pacific Economic Cooperation, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, G20, MIKTA, Organisation for Economic Co-operation and Development and the World Trade Organization.
New Zealand is party to several free trade agreements (FTAs) worldwide.
The Trans-Pacific Strategic Economic Partnership Agreement (TPSEP), also known as P4, is a trade agreement between four Pacific Rim countries concerning a variety of matters of economic policy. The agreement was signed by Brunei, Chile, Singapore and New Zealand in 2005 and entered into force in 2006. It is a comprehensive trade agreement, affecting trade in goods, rules of origin, trade remedies, sanitary and phytosanitary measures, technical barriers to trade, trade in services, intellectual property, government procurement and competition policy. Among other things, it called for reduction by 90 percent of all tariffs between member countries by 1 January 2006, and reduction of all trade tariffs to zero by the year 2015.
The Comprehensive Economic Partnership for East Asia (CEPEA) is a Japanese led proposal for trade co-operation, free trade agreement, among the 16 present member countries of the East Asia Summit. All those movements and efforts were taken over by the following Regional Comprehensive Economic Partnership.
Free Trade Agreement between Mexico and the European Union, is a trade agreement between the European Union and Mexico. It was signed on December 8, 1997, in the city of Brussels, under the designation "Agreement of Economic Partnership, Political Coordination and Cooperation between the United Mexican States and the European Community and its members". On October 1, 2000 the agreement came into force, and taxes applying to a large quantity of importing goods were eliminated or reduced.
The European Union has concluded free trade agreements (FTAs) and other agreements with a trade component with many countries worldwide and is negotiating with many others. The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to conclude trade agreements. Even so, member states' governments control every step of the process :
Mexico and the European Economic Community (EEC) signed an agreement intending to foster economic and trade relations on 15 July 1975. Mexico and the European Union (EU) have had a free trade agreement since 2000 and the two benefit from high investment flows.
Relations between the European Union (EU) and Japan date back to 1959. They have a strong trade relationship, particularly in investment flows.
The Japan-Philippines Economic Partnership Agreement (日本・フィリピン経済連携協定) or in or commonly known as JPEPA is an economic partnership agreement concerning bilateral investment and free trade agreement between Japan and the Philippines. It was signed in Helsinki, Finland on September 9, 2006, by Japanese Prime Minister Junichiro Koizumi and Philippine President Gloria Macapagal Arroyo. It is the first bilateral trade treaty which the Philippines has entered since the Parity Right Agreement of 1946 with the United States. This treaty consists of 16 Chapters and 165 Articles, with 8 Annexes.
Mexico–New Zealand relations are the diplomatic relations between Mexico and New Zealand. Both nations are members of the Asia-Pacific Economic Cooperation, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Organisation for Economic Co-operation and Development, United Nations and the World Trade Organization.
The Regional Comprehensive Economic Partnership is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. The 15 member countries account for about 30% of the world's population and 30% of global GDP, making it the largest trade bloc in history. Signed in November 2020, RCEP is the first free trade agreement among the largest economies in Asia, including China, Indonesia, Japan, and South Korea.
The nations of Japan and Mexico first established formal diplomatic relations in 1888 with the signing of the Treaty of Amity, Commerce, and Navigation between both nations. This agreement was Japan's first "equal" treaty with any country; which overshadows Tokugawa Ieyasu's pre-Edo period initiatives which sought to establish official relations with New Spain in Mexico.
The Japan–Australia Economic Partnership Agreement (JAEPA) is a trade agreement between Australia and Japan. The negotiations for the agreement were concluded in 2014 and it took effect on January 15, 2015.
The negotiations for the Trans-Pacific Partnership Agreement were held between 12 countries between 2008 and 2015. The negotiations were aimed at obtaining an agreement between the Trans-Pacific Strategic Economic Partnership Agreement parties Brunei, Chile, Singapore and New Zealand, as well as the Australia and the United States.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), initially abbreviated as TPP11 or TPP-11, is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It evolved from the Trans-Pacific Partnership (TPP), which was never ratified due to the withdrawal of the United States. The eleven members have combined economies representing 13.4 percent of global gross domestic product, at approximately US$13.5 trillion, making the CPTPP one of the world's largest free trade areas by GDP, along with the United States–Mexico–Canada Agreement, the European single market, and the Regional Comprehensive Economic Partnership. The United Kingdom and the present members formally signed an accession protocol on 16 July 2023, and will join the agreement when it has been ratified by all parties, or after 15 months if the UK and a majority of CPTPP parties have ratified it.
Chile–Japan relations are the diplomatic relations between Chile and Japan. Both nations are members of the Asia-Pacific Economic Cooperation, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Forum of East Asia–Latin America Cooperation and the Organisation for Economic Co-operation and Development.
The Japan–United Kingdom Comprehensive Economic Partnership Agreement (CEPA) is a free trade agreement between the United Kingdom and Japan. The agreement was agreed in principle by both parties in September 2020 and signed in Tokyo in October 2020, following the United Kingdom's withdrawal from the European Union in January 2020. It entered into force at the end of the transition period on 31 December 2020.