Over the weekend ministers from the 11 Trans-Pacific Partnership countries reached agreement on the core elements of a modified “Comprehensive and Progressive Agreement for Trans-Pacific Partnership” (CPTPP). The ministers were meeting in the margins of the APEC ministerial meetings in Da Nang, Viet Nam.

The CPTPP incorporates the provisions of the original Trans-Pacific Partnership with the exception of a limited set of provisions which will be suspended.

Details of the outcome are set out in the ministerial statement (external link), an associated outline (external link) and a list of provisions to be suspended (external link).

Before his departure from Viet Nam to return home Mexico’s President Pena Nieto commented that the eleven-country Trans-Pacific Partnership initiative was now on track and heading forward.

New Zealand trade minister David Parker has issued a statement (external link) welcoming the outcome.