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Trans-Pacific Partnership

Trans-Pacific Partnership. by: Eric Florence. Contents. Overview U.S. National Interest, Policy, Politics Issue: TPP Policy Recommendation Conclusion and Questions. Overview. Trans-Pacific Partnership

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Trans-Pacific Partnership

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  1. Trans-Pacific Partnership by: Eric Florence

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

  3. Overview • 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.”

  4. History • Origins • Trans-Pacific Strategic Economic Partnership Agreement (2006) • FTA among Chile, Brunei, New Zealand, Singapore • TPP stems from TPSEP, albeit significantly expanded

  5. 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

  6. TPP: Who? • Member States • Singapore • Chile • New Zealand • Brunei • Australia • Peru • Vietnam • Malaysia • United States • Mexico • Canada

  7. TPP: What? • 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

  8. TPP: Why? • Economic gains • Population • GDP/Per Capita income • Counterpoint: China • Potential growth in agreement

  9. Controversy • Intellectual Property rightsand enforcement • Incidental copies, Digital locks, Small-scale infringement • Patents • Pharmaceuticals • Transparency

  10. Policy Recommendation • For: USTR Ron Kirk and TPP negotiating delegates: inconclusive

  11. Conclusion • TPP presents great opportunity for greater regional cooperation and huge economic growth. • Present controversy could overshadow discussion and dilute a sound agreement.

  12. Questions?

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