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Reichert: “It is critical we continue to lead in this region, building on the success of existing trade agreements and negotiating strong and ambitious new ones.”
Two AEI scholars say TPP can “serve as the baseline for negotiations” on agriculture, including beef, pork and dairy exports.
But the governor said “my message to them was the Trump administration will not be coming back.”
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.
Japan's chief negotiator told reporters the countries have “effectively agreed to suspend rules involving pharmaceutical data protection.”
“We’re all open to evaluating what we can do and what viable alternatives there may be,” said Peru’s deputy trade minister.
TPP11 members are preparing to meet again next week in Australia.
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.
“Those countries in Southeast Asia – we want them to be in our trade orbit, not just China's trade orbit. And we're giving them little choice now,”
“Six months ago, no one thought TPP11 could happen but we've got this far.”
TPP11 negotiators have agreed to meet again in Australia later in the summer.
“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?”
Should the Section 232 investigations into the national security implications of steel and aluminum imports lead to presidential actions against foreign producers, the U.S. will “probably” face legal challenges domestically as well as at the World Trade Organization, Commerce Secretary Wilbur Ross said Monday.
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.
U.S. Trade Representative Robert Lighthizer will appear before the Senate Finance and House Ways & Means panels next week to discuss the administration’s trade agenda -- and likely will face a batch of questions on his team’s modernization plans for the North American Free Trade Agreement, members of the Finance Committee told Inside U.S. Trade Tuesday.
The trade minister is set to meet with the USTR and Commerce Secretary Ross later this week.
Canada and Mexico stand to gain the most from the U.S. decision to withdraw from the Trans-Pacific Partnership, according to a new study on the economic effects of moving forward with the agreement without the U.S.
New Zealand's ambassador to the U.S. last week claimed “clear evidence of convergence” among Trans-Pacific Partnership countries that the deal will move ahead without the U.S., but said their continuing pursuit of the agreement should not be mistaken as an “unfriendly act” targeted at the United States.
The prime ministers of both countries will meet this week to talk about the deal.
“Putting the TPP into effect is also proving to be difficult,” Vice President Jusuf Kalla said.