TPP Roundup From the U.S. Business Coalition for TPP
TPP Snapshot: The Asia-Pacific region is home to a growing middle class, projected to reach two-thirds of global middle class consumption by 2030 from less than a quarter in 2009, according to the Brookings Institution.
A high-standard TPP agreement can provide an exceptional opportunity for U.S. business to reach new customers in this region. Read more here.
Trading Up: Manufacturers Push for Strong Market-Opening Outcomes and High Standards as Trans-Pacific Partnership Negotiations Move Forward
“A comprehensive and high-standard TPP agreement could create important new opportunities for growing exports, expanding sales and increasing the competitiveness of manufacturers big and small throughout the United States…When completed, a final TPP would encompass a nearly $28 trillion market of almost 800 million consumers – or 40 percent of global trade…Manufacturers can afford nothing less.” Read more here.
Trans-Pacific Partnership Is on Track: Ambassador Carden
U.S. Ambassador to ASEAN David Carden discusses the prospects for the Trans-Pacific Partnership. He speaks with Haslinda Amin on Bloomberg Television’s “On The Move Asia.” Watch the video here.
Recipe for U.S. Jobs Starts With Trade Promotion Authority | Commentary
“The appeal of the TPP is simple. Two billion Asians joined the middle class in the past 20 years, and another 1.2 billion will do so by 2020. That’s a lot of potential customers…However, to make these or any other growth-driving trade agreements a reality, Congress must first approve Trade Promotion Authority. The Constitution gives Congress authority to regulate international trade, but it gives the president authority to negotiate with foreign governments.” Read more here.
TPP: An Opportunity for U.S. Economic Growth and Jobs
“The Trans-Pacific Partnership (TPP) agreement under negotiation between the United States and 11 other countries…will strengthen trade and investment across the Asia-Pacific region. These markets are critical for U.S. goods and services exports, and a high-standard TPP agreement will help to bolster the U.S. economy and support jobs. In 2012, trade with the TPP countries supported an estimated 14.9 million American jobs, and 45 percent of U.S. goods exports went to those countries.” Read more here.
Finding Opportunity in the Trans-Pacific Partnership
“It’s an exciting time for U.S. trade policy…Much of this momentum is spurred by recent remarks Ambassador Michael Froman, President Barack Obama’s newly minted U.S. Trade Representative, made in which he announced the Trans-Pacific Partnership (TPP) was entering the ‘endgame’ following 19 rounds of intense negotiations….The TPP represents one of the most significant market opening opportunities for the U.S. apparel and footwear industry in recent memory.” Read more here.
In an effort to achieve more progress before the end of 2013, TPP chief negotiators will meet in Salt Lake City, Utah on Nov. 19 – 24 in one of several “intersessional” meetings. The Office of the U.S. Trade Representative announced that negotiators will meet with various subject-matter experts in the talks.
The rules of origin group is scheduled to meet in Salt Lake City on Nov. 12 – 18, as a follow up to an earlier session that took place in Mexico City. Other meetings include: a session on SOE rules in Santiago, Chile on Nov. 4 – 7; a session on government procurement in Washington, DC on Oct. 30 – Nov. 2; and a session on investment in Washington, DC on Nov. 6 – 9.
Below is the complete list of TPP meetings in coming weeks on specific topics in the negotiations:
USTR will announce telephone briefings for U.S. stakeholders to be held around meetings in Salt Lake City.
Launch of the Friends of Trans-Pacific Partnership Caucus in the U.S. House of Representatives, October 29, 3013
The U.S. Business Coalition for TPP launched a bipartisan ”Friends of Trans-Pacific Partnership Caucus” in the House of Representatives in late October 2013 to help solicit support for the trade pact. The establishment of the Caucus signals the importance of TPP as negotiations move toward a successful conclusion in early 2014.
NZ Trade Minister Groser Delivers Major Speech to China Business Summit, October 16, 2013
Business Associations Express Concern with Level of Ambition in TPP Negotiations
Nine business associations sent an open letter (attached) to the chief negotiators of the Trans-Pacific Partnership who are currently meeting in Washington, D.C. The letter states in part:
“The U.S. business community is concerned that the TPP as negotiated to date has yet to achieve the level of ambition pledged by the governments. We urge you to redouble your efforts toward the goal of a comprehensive, high-standard, and commercially meaningful agreement that removes barriers to trade and investment and addresses 21st Century challenges in all sectors. We stand ready to support you in achieving this outcome.”
Concluding TPP Talks
The 12 TPP countries will hold a working group meeting on tariffs in Washington on Sept. 18-21, hoping to conclude a deal by the end of this year.
Groser to visit Brunei for regional trade discussions
Trade Minister Tim Groser will depart tomorrow for Brunei to participate in series of regional trade meetings.
Mr Groser will attend the first Ministerial Meeting for the newly launched Regional Comprehensive Economic Partnership (RCEP) FTA negotiations, an ASEAN Economic Ministers meeting, which will focus on the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), as well as attending an East Asia Summit Economic Ministers Meeting, and holding discussions on the Trans-Pacific Partnership (TPP).
“These meetings provide an opportunity to advance the TPP and RCEP negotiations and to evaluate the progress of existing free trade agreements. As well as negotiating new agreements, the Government is committed to ensuring that New Zealand and its partners fully implement existing FTA commitments so as to make the most of those opportunities.
“Both TPP and RCEP will deepen economic ties by opening up trade in goods and services, boosting investment flows, and promoting closer links across a range of economic policy and regulatory issues.
“New Zealand is working with the other TPP parties to deliver on the commitment reiterated by TPP Leaders in Phnom Penh last year to achieve a comprehensive, high-ambition and 21st century TPP agreement that is consistent with the Honolulu statements endorsed by leaders and ministers in November 2011. The meeting in Brunei will be a critical checkpoint to take stock of progress made and discuss with my counterparts how we can secure an agreement as rapidly as possible,” Mr Groser says.
The Regional Comprehensive Economic Partnership (RCEP) is a FTA negotiation that has been developed among 16 countries: the 10 members of ASEAN and the six countries with which ASEAN has existing Free Trade Agreements (FTAs) – Australia, China, India, Japan, Korea, and New Zealand.
The Trans-Pacific Partnership (TPP) will create a regional free trade agreement involving 12 countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, the United States, Viet Nam and New Zealand.
48 Business and Agriculture Associations Call for Further Liberalization to be Agreed to in TPP Negotiations
Malaysia Says 14 TPP Chapters ‘Substantially Closed’, Lists Procurement Objections
The Malaysian government last week revealed that 14 out of 29 chapters being negotiated in the Trans-Pacific Partnership (TPP) are “substantially closed,” while emphasizing that sensitive issues remain in these chapters that will be taken up at a later stage of the negotiations, presumably at a higher political level.
Vietnam Ready To Accept All TPP Chapters Except Market Access
A Vietnamese official this week signaled that his country is prepared to accept, with sufficiently long phase-in periods and assistance, U.S. proposals in the Trans-Pacific Partnership (TPP) in such areas as labor rights, environmental protections, state-owned enterprises (SOEs) and intellectual property rights (IPR) provided that Vietnam gets acceptable access for its apparel and footwear exports to the United States.
In a June 19 panel discussion at the Woodrow Wilson Center, Nguyen Vu Tung, deputy chief of mission at the Vietnamese embassy in Washington, said Vietnam is ready to accept all 29 TPP chapters except the one covering market access, which includes apparel and footwear.
Japan’s participation in the TPP will not get off to an immediate start. First, the 90-day consultation period (required by U.S. law) between the Administration and Congress does not expire until July 23. That comes only two days before the next round of TPP talks in Malaysia are scheduled to conclude. Additionally, the Administration must wait for an economic impact report to be completed by the U.S. International Trade Commission (ITC) - followed by interagency and congressional consultations - before making any tariff offers. The ITC study is due on August 21. Given the August schedule, consultations could stretch into the end of August or early September. Thus, TPP market access talks with Japan will be delayed for at least two more months.
Malaysian City Of Kota Kinabalu To Host Upcoming TPP Negotiating Round
The next round of Trans-Pacific Partnership (TPP) negotiations will take place in Kota Kinabalu, Malaysia, at the Sutera Harbour Resort from July 15-25, according to informed sources.
The Malaysian government is expected to hold a stakeholder event on July 20.
NZ – Japan Talks
Foreign Minister Murray McCully and his Japanese counterpart Fumio Kishida, at talks held in Auckland yesterday, renewed the two countries’ commitment to strengthen their bilateral relationship. They recognized the importance of successfully concluding a Trans Pacific Partnership trade agreement and welcomed the signing of a new double taxation convention and more liberal air services agreement, as well as a proposed memorandum of intent on closer defense cooperation. The two countries are also committed to expanding cooperation in areas such as earthquake engineering, geothermal energy and tsunami protection, as well as Pacific economic development, Antarctic resources conservation and the development of rugby in Japan.
During the 17th round of Trans-Pacific Partnership (TPP) talks in Peru, negotiators made progress on several outstanding including sanitary and phytosanitary measures, trade remedies, e-commerce, cross-border trade in services, and rules of origin.
It was reported that comprehensive market-access packages are in the works for industrial, agricultural, and textile and apparel products, services and investment, and government procurement. These packages include tariff and rules of origin issues based on input from various stakeholders in TPP countries.
With Japan hoping to participate in the next round of negotiations (in July), all TPP countries will need to approve Japan’s inclusion in the TPP in the coming weeks.
The 18th round of TPP negotiations will be held in Malaysia from July 15 – 25. In addition, inter-sessional work will continue to advance specific issues.
March 15, 2013
The United States | New Zealand Council today welcomed Japan’s decision to embrace the goals of a comprehensive, high-standard, and commercially-meaningful Trans-Pacific Partnership (TPP) agreement.
“Japan’s participation will increase interest and support for the TPP among the U.S. and New Zealand business communities, as well as throughout the Asia-Pacific region,” said William Maroni, president of the US | NZ Council.
“After 16 rounds of talks, today’s news will invigorate the TPP and create the needed new momentum to bring the negotiation to a successful competition,” he added.
Japan is the third-largest economy in the world, and the fourth-largest trading partner of both the United States and New Zealand. The US | NZ Council, an independent, non-partisan organization committed to promoting trade and investment liberalization, is a member of the U.S. Business Coalition for TPP.
According to Maroni, the announcement by Japan comes at a critical time in the TPP process when the United States lacks a new U.S. Trade Representative, following this week’s departure of Ambassador Kirk.
“Japan’s decision is favorable news for the TPP as well as for the United States and New Zealand,” said Maroni. “With the addition of Japan as the twelfth TPP member, the agreement has the potential to dramatically expand the flow of trade, investment, ideas and people; create millions of new jobs; and foster a more secure and prosperous Asia-Pacific region. This is a game-changer,” he said.
Maroni pledged the US | NZ Council’s continued commitment to the trade talks and its support for the swift, seamless inclusion of Japan into the process.
About the United States | New Zealand Council
The US | NZ Council, which was established in 1985, is the only independent group dedicated exclusively to advancing shared business, strategic, and cultural interests between the United States and New Zealand and throughout the Asia-Pacific region. The Council promotes mutual objectives in trade, investment, economic growth, and security; provides thought leadership on important Asia-Pacific regional matters; and expands collaboration and understanding in such areas as science and technology, the environment, education, entertainment and the arts. Visit www.USNZcouncil.org
Although several major issues will require both technical and political input throughout 2013, progress was made on a variety of topics in Auckland. Most notably, there appears to have been a smooth integration of Mexico and Canada into the talks. Both new TPP members were well prepared and pledged to keep pace with the ongoing negotiations.
The tone set in Auckland reinforced the original vision of establishing a truly regional, high quality, comprehensive, 21st century trade and investment agreement.
The 11 TPP economies make up US$18.3 trillion in GDP and include four of New Zealand’s ten largest trading partners. The addition of Mexico and Canada brings an additional US$ 1 billion of New Zealand exports under TPP and grows the proportion of New Zealand trade covered by the agreement to almost 40 percent (or US$18 billion).
The 16th round of the TPP negotiations will take place at the Grand Copthorne Waterfront Hotel in Singapore from March 4 – 13, 2013. For more information, please visit: http://www.ustr.gov/tpp
The 5 below links offer additional information from the Auckland Round.
Statement by the Office of the U.S. Trade Representative (USTR)
Statement by NZ Ministry of Foreign Affairs and Trade (MFAT)
Statement by the US | NZ Council
Statement by the U.S. Business Coalition for TPP
Statement by business groups in Australia, Canada, New Zealand, and the United States