Preparing for Tomorrow’s Trans-Pacific Partnership
By Robert Bowen*
Many California practitioners advise on transactions, investments, and other matters involving international commerce between private parties. Often, such commerce occurs against the backdrop of legal frameworks established by national governments after extensive negotiations. Multilateral and bilateral free trade agreements are good examples of frameworks that allow for and benefit subsequent private commerce. This article provides an overview of the framework and potential implications of a major multilateral trade agreementâthe Trans-Pacific Partnership ("Tpp")âthat appears likely to become operative in the near future and, if adopted, would have important ramifications for many California practitioners.