The United States is interested in integrating into bilateral trade agreements some standards negotiated in the Trans-Pacific Partnership, according to Chile’s ambassador to the United States.
The former USTR, in Japan, says the deal “will make its way into effect, in one form or another.”
President Trump's U.S. Trade Representative nominee, Robert Lighthizer, believes a renegotiation of the North American Free Trade Agreement would build on commitments made by Canada and Mexico in the Trans-Pacific Partnership, and could go beyond them in some key areas, he told the Senate Finance Committee in questions for the record following his confirmation hearing last week.
VINA DEL MAR, CHILE -- The U.S. ambassador to Chile and a bipartisan group of congressional aides who attended the High-Level Dialogue on Integration Initiatives in the Asia-Pacific Region sought to reassure the 14 other participating countries that it is open to expanding trade, but most countries showed an inclination to move forward with multilateral arrangements despite the U.S. preference for bilateral deals, officials and sources said here.
VINA DEL MAR, CHILE -- New Zealand’s trade minister Todd McClay says he is not concerned about Auckland’s trade relationship with the U.S. under President Trump, but believes it is too early to speculate about the potential for a bilateral deal.
VINA DEL MAR, CHILE -- The United States did not attend a working breakfast meeting for Trans-Pacific Partnership countries on Wednesday, despite being invited, according to officials here.
VINA DEL MAR, CHILE -- The United States did not attend a working breakfast meeting for Trans-Pacific Partnership countries on Wednesday because it was not invited, according to officials here.
VINA DEL MAR, CHILE – Mexico’s foreign minister believes aspects of the Trans-Pacific Partnership could find their way into the so-called Pacific Alliance – a trade bloc consisting of Chile, Peru, Mexico and Colombia – but Australia’s trade minister, Steven Ciobo, said it was still too early to guess where TPP without the U.S. might end up.
Japan, he testified, is a “primary target where increased access for agriculture is important.”
“Time is of the essence or the doors may soon close on opportunities in the some of the largest and fastest growing economies in the TPP region.”
Trade ministers and ambassadors from the Asia-Pacific will regroup this week for the first time since the United States pulled out of the Trans-Pacific Partnership, meeting in Chile for what former U.S. trade officials, analysts and other sources see as an opportunity to chart a path forward for trade relationships in the region and gain a better understanding of how the Trump administration intends to proceed.
“Doing so has become even more imperative in light of inward-focused rhetoric being expressed in many parts of the world.”
“Do we need to implement policies that complement the opening of trade or not?”
Ambassadors from South Korea, Vietnam and Australia are keen to keep at least portions of the Trans-Pacific Partnership alive, even if it means moving forward with a regional agreement that excludes the U.S. and includes the eleven other Asia-Pacific countries, as well as others.
Carol Perez has been the top U.S. diplomat in the country since September 2016.
The country's trade minister, Steven Ciobo, said next week's summit “will continue to lay down markers about the new administration’s approach.”