That is correct. With those MRAs, you can gain licensure in those jurisdictions. There is full reciprocity. As an example, in Singapore, you can get a licence, but you can't submit a building permit unless you have residency. Then you are basically hooped. The TPP would remove that, so you would have full, unfettered reciprocity between the two countries.
On April 18th, 2016. See this statement in context.