The International Trade Practice Center on Bloomberg Law® provides in one comprehensive, time-saving resource.
Feb. 21 — A Feb. 20 letter from more than 40 associations called on U.S. Trade Representative Michael Froman to negotiate a “comprehensive” Trans-Pacific Partnership (TPP) free trade agreement with Pacific countries and expressed concern that Canada and Japan are not being more flexible on market access issues for certain U.S. exports.
“According to published reports, both countries seem intent on preserving the status quo for their most protected sectors. Specifically, the scope and degree of market-access coverage reportedly offered by these two nations would be a significant step backward compared to prior U.S. trade agreements,” according to the letter to Froman.
The groups—representing American agricultural, manufacturing and retail sector businesses—called for a TPP agreement that will eliminate tariffs, as well as non-tariff barriers to trade in goods and services and investment.
The groups argued that the “TPP must produce comprehensive market-access benefits with respect to tariffs, non-tariff barriers, services, and investment. In addition, it must address a range of existing and emerging issues that are critically important to the future of U.S. competitiveness, such as cross-border data flows, competition from state-owned enterprises, and the protection of intellectual property rights and investment.”
They argue that the failure to reach a such a comprehensive pact “would establish adverse precedent, particularly if other important trading nations accede to the TPP in the future.”
The letter comes as trade ministers from 13 countries negotiating the TPP agreement are scheduled to meet Feb. 22-25 and on the heels of a Feb. 20 TPP meeting of U.S. and Japanese officials that ended without an agreement.
“Not only would the tariff barriers that Japan seeks to maintain be unprecedented, but they are in the very sectors that have the greatest potential for future trade growth between the United States and Japan,” the letter said.
To contact the reporter on this story: Stephanie Cohen in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Jerome Ashton at email@example.com
The letter is available at http://op.bna.com/itr.nsf/r?Open=esin-9gjtvh.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)