Objectives of TEPA agreement

to achieve the liberalisation of trade in goods, in conformity with Article XXIV of the General Agreement on Tariffs and Trade, set out in Annex lA to the WTO Agreement (hereinafter referred to as the “GATT 1994”);

To achieve the liberalisation of trade in services, in conformity with Article V of the General Agreement on Trade in Services, set out in Annex 1B to the WTO Agreement (hereinafter referred to as the “GATS”);

To promote competition in their economies, particularly as it relates to economic relations between the Parties;

To provide for adequate, effective and non-discriminatory protection and enforcement of intellectual property rights;

To develop their trade relations so as to contribute to the objective of sustainable development;

To contribute in this way to the harmonious development and expansion of world trade.