Trans-Pacific Partnership

"Is it worthwhile spending hundreds of hours and efforts to try and reach a deal which may be politically spiky at home in our countries, and then finally it doesn't go through – and what was this for?"

PIIE: Direct economic losses for the U.S. “would be modest at first, but greater costs would follow as large economies begin to shape regional rules.”

Two AEI scholars say TPP can “serve as the baseline for negotiations” on agriculture, including beef, pork and dairy exports.

The second round of North American Free Trade Agreement renegotiation talks is expected to provide opportunities for Mexico and Canada to respond to the robust e-commerce chapter the U.S. pitched during the inaugural round, sources told Inside U.S. Trade.

“We’re all open to evaluating what we can do and what viable alternatives there may be,” said Peru’s deputy trade minister.

The issue of data exclusivity for biologic drugs could spark less controversy in a retooled NAFTA than it did when the Obama administration presented a Trans-Pacific Partnership to Congress that did not feature a 12-year exclusivity requirement, sources tell Inside U.S. Trade – though the issue is far from resolved and could still be a major sticking point for some in Congress and in the pharmaceutical industry.

“Six months ago, no one thought TPP11 could happen but we've got this far.”

“The question to me is, the vote on TPA – is that the ceiling or the floor when it comes to the number of votes we’re going to get on this?”

While U.S. trading partners are greatly disappointed by the Trump administration’s decision to withdraw from the Trans-Pacific Partnership -- and hoping for a change of heart in Washington -- Australia’s envoy to the U.S., Joe Hockey, this week said he did not consider the withdrawal a sign that the U.S. is turning its back on the Asia-Pacific.