TPP Market Access Talks with Japan Likely to Begin in Late August

Posted by on Jun 21, 2013 in News | No Comments

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.