White House hopes for final deal in days on Asia-Pacific free-trade accord [View all]
Source: The Washington Post
The Obama administration is aiming to wrap up talks this week on an expansive Asia-Pacific free-trade accord between the United States and 11 other nations, starting the clock toward a vote in Congress by early next year.
The prospect of the pact coming up on Capitol Hill in the midst of the U.S. presidential campaign has created fresh uncertainty about the prospects of success for the Trans-Pacific Partnership (TPP), which would represent the largest U.S. trade deal since the North American Free Trade Agreement in 1993. President Obama has called it central to his economic and foreign policy agendas.
Negotiators from the 12 nations are gathering in Atlanta with the goal of reaching a final agreement among countries that account for 40 percent of the world’s gross domestic product. Among them are Japan, Australia, Mexico and Canada. The pact would lower tariffs on beef, dairy products and automobiles, while setting up new regulatory provisions on pharmaceuticals, financial services and online commerce...
...“We can promote growth through trade that meets a higher standard,” Obama said. “And that’s what we’re doing through the Trans-Pacific Partnership — a trade agreement that encompasses nearly 40 percent of the global economy; an agreement that will open markets while protecting the rights of workers and protecting the environment that enables development to be sustained.”...
Read more: http://www.washingtonpost.com/politics/white-house-hopes-talks-lead-to-final-deal-on-asia-pacific-free-trade-accord/2015/09/29/1b5508aa-65f4-11e5-9223-70cb36460919_story.html
USTR Releases Detailed Summary of TPP Objectives
https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/september/ustr-releases-detailed-summary
To view USTR’s most recent Detailed Summary of U.S Objectives in TPP, please click here (PDF)
https://ustr.gov/sites/default/files/TPP-Detailed-Summary-of-US-Objectives.pdf
= new reply since forum marked as read
