What is it? The TPP is a potential “comprehensive and high-standard” free trade agreement (FTA) among 12 countries, most recently including Japan, which aims to liberalize trade in goods and services and remove barriers to foreign investment. The TPP negotiations cover a range of trade topics and include 29 separate sections or “chapters.”
What is the current status? The negotiations remain ongoing. After a meeting February 22-25, 2014, TPP trade ministers noted their agreement on potential “landing zones” for unresolved issues, but there is no clear timeline for when the TPP may be concluded. Market access talks with Japan, particularly on agriculture and autos, are among the challenging issues remaining under negotiation, despite hope among some observers that these would be resolved during President Obama’s recent visit to Japan. TPP chief negotiators and likely TPP trade ministers will meet again in May in an attempt to get closer to a final agreement. There is no public text of an agreement available at this time, but TPP Leaders released a broad outline of TPP goals on the sidelines of the 2011 APEC forum meetings.
Date of Report: May 7, 2014
Number of Pages: 2
Order Number: IF00001
For email and phone orders, provide a Visa, MasterCard, American Express, or Discover card number, expiration date, and name on the card. Indicate whether you want e-mail or postal delivery.