Media Release Joint Declaration by TPP Macroeconomic Policy Authorities

The macroeconomic policy authorities of the twelve Trans-Pacific Partnership (TPP) countries recognise the importance of macroeconomic stability to the success of the TPP. They have therefore announced a Joint Declaration of the Macroeconomic Policy Authorities of Trans-Pacific Partnership Countries that will strengthen cooperation on macroeconomic and exchange rate policies.

The Joint Declaration, which is not legally binding, promotes transparency and dialogue on macroeconomic policies among the TPP policy authorities and will complement the closer economic relationship that will develop across the region as the TPP trade agreement is implemented.