Trans-Pacific Partnershipby: Eric Florence

Contents Overview U.S. National Interest, Policy, Politics Issue: TPP Policy Recommendation Conclusion and Questions

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Overview

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Trans-Pacific Partnership Trade agreement

that will “enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.”

History

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Origins Trans-Pacific

Strategic Economic Partnership Agreement (2006) FTA among Chile,

Brunei, New Zealand, Singapore

TPP stems from TPSEP, albeit significantly expanded

U.S. National Interest Increase Exports, Job Promotion

TPP countries represent 40% of global trade

Increase Competiveness TPP will facilitate larger U.S. role in Asia-

Pacific region $895B exports to Asia-Pacific in 2011

Agricultural and services sectors ranking among highest

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TPP: Who?

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Member States Singapore Chile New Zealand Brunei Australia Peru Vietnam Malaysia United States Mexico Canada

TPP: What?

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Similar, but broader focus than TPSEP Strengthen

economic ties Reduce tariffs and

trade barriers Increase

investment flows Integration of

economic policies and regulations

Still in negotiation

TPP: Why?

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Economic gains Population GDP/Per Capita

income Counterpoint:

China Potential growth in

agreement

Controversy

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Intellectual Property rights and enforcement Incidental copies,

Digital locks, Small-scale infringement

Patents Pharmaceuticals

Transparency

Policy Recommendation

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For: USTR Ron Kirk and TPP negotiating delegates: inconclusive

Conclusion TPP presents great opportunity for

greater regional cooperation and huge economic growth.

Present controversy could overshadow discussion and dilute a sound agreement.

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Questions?

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