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The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress

The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress

Paperback

General ReferenceInternational Relations

ISBN10: 1512309826
ISBN13: 9781512309829
Publisher: Createspace
Published: Jun 22 2015
Pages: 62
Weight: 0.37
Height: 0.13 Width: 8.50 Depth: 11.02
Language: English
The Trans-Pacific Partnership (TPP) is a proposed regional free trade agreement (FTA) being negotiated among the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. U.S. negotiators and others describe and envision the TPP as a comprehensive and high-standard FTA that aims to liberalize trade in nearly all goods and services and include rules-based commitments beyond those currently established in the World Trade Organization (WTO). The broad outline of an agreement was announced on the sidelines of the Asia-Pacific Economic Cooperation (APEC) ministerial in November 2011, in Honolulu, HI. If concluded as envisioned, the TPP potentially could eliminate tariff and nontariff barriers to trade and investment among the parties and could serve as a template for a future trade pact among APEC members and potentially other countries. Congress has a direct interest in the negotiations, both through influencing U.S. negotiating positions with the executive branch, and by considering legislation to implement any resulting agreement.

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