Trans-Pacific Partnership (TPP) Agreement

Australia will host a meeting of senior officials from the 11 TPP countries in Sydney from 28 to 30 August.

The meeting is the latest in a series of discussions to assess options to bring the TPP Agreement into force expeditiously, following the previous meeting in Japan in July.

I have been engaging regularly with my TPP Ministerial counterparts and there is a broad desire among the 11 countries to reach a good agreement. Leaders from TPP countries will discuss the progress of bringing the deal into force at the APEC Economic Leaders' Meeting in November in Vietnam.

Bringing the TPP into force would link 11 countries, including four of the world's top 20 economies, with a combined GDP of 12.4 trillion. It would result in 19 new FTA arrangements coming into force between the parties. For Australia it would mean FTAs with Canada, Mexico and Peru.

The Agreement would deliver access to new markets for our farmers, services suppliers and goods exporters. It would drive trade and investment in our region, and contribute to our economic growth and create new jobs.

If Labor had their way, Australia would not be hosting this important meeting and would no longer be part of the TPP. Bill Shorten wanted to turn his back on this important Agreement, isolating Australia and costing the country export opportunities.

Australia is an exporting nation. We sell what we grow, make and produce to the world. Australia's economy grew by 2.4 per cent last year – with exports making up more than half of this growth, contributing 1.4 percentage points.

The Turnbull Government is committed to trade and creating more export opportunities for Australian businesses through agreements such as the TPP.