The Trans Pacific Partnership TPP Is A Proposed Regional Free Trade Agreement FTA Among Countries Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, The United States, And Vietnam The Negotiating Partners Have Expressed An Interest In Allowing This Proposed Living Agreement To Cover New Trade Topics And To Include New Members That Are Willing To Adopt The Proposed Agreement S High Standards Japan Is The Most Recent Country To Seek Entry Into The TPP The Administration Gave Congress Notice Of Its Intent To Negotiate With Japan In The TPP On April , The TPP Negotiations Have Been Of Significant Interest To Congress Congressional Involvement Includes Consultations With US Negotiators On And Oversight Of The Details Of The Negotiations, And Eventual Consideration Of Legislation To Implement The Final Trade Agreement In Assessing The TPP Negotiations, Members May Be Interested In Understanding The Potential Economic Impact And Significance Of TPP And The Economic Characteristics Of The Other TPP Countries As They Evaluate The Potential Impact Of The Proposed TPP On The US Economy And The Commercial Opportunities For Expansion Into TPP MarketsThis Report Provides A Comparative Economic Analysis Of The TPP Countries And Their Economic Relations With The United States It Suggests That The TPP Negotiating Partners Encompass Great Diversity In Population, Economic Development, And Trade And Investment Patterns With The United States This Economic Diversity And Inclusion Of Fast Growing Emerging Markets Presents Both Opportunities And Challenges For The United States In Achieving A Comprehensive And High Standard Regional FTA Among TPP CountriesThe Proposed TPP And Its Potential Expansion Are Important Due To The Economic Significance Of The Asia Pacific Region For Both The United States And The World The Region Is Home To % Of The World S Population, Produces Nearly % Of Global GDP, And Includes Some Of The Fastest Growing Economies In The World Including Canada, Mexico, And Japan, TPP Negotiating Partners Made Up % Of US Goods Trade In , And The Asia Pacific Economies As A Whole Made Up Over % The TPP Would Be The Largest US FTA To Date By Trade ValueThe United States Is The Largest TPP Market In Terms Of Both GDP And Population In , Non US TPP Partners Collectively Had A GDP Of Trillion, Just Over % Of The US Level, And A Population Of Million, About % Larger Than The US Population Japan S Entry Pop Million And GDP Trillion Increases The Significance Of The Agreement On Both These MetricsUnlike Most Previous US FTA Negotiations, The TPP Involves Countries With Which The United States Already Has An FTA The United States Has FTAs In Place With Australia, Canada, Chile, Mexico, Peru, And Singapore, Which Together Account For Over % Of US Goods Trade With TPP Countries Japan Is By Far The Largest US Trade Partner Among TPP Members Without An Existing US FTAOther TPP Partners Also Have Extensive Existing FTA Networks The Association Of Southeast Asian Nations ASEAN , Of Which Brunei, Malaysia, Singapore, And Vietnam Are Members, And Its Collective FTAs With Other Countries, Accounts For The Bulk Of This Interconnectedness Moreover, ASEAN Agreements With Larger Regional Economies Eg China, Japan, And Korea Present A Second Possible Avenue For Asia Pacific Economic Integration Albeit One That Currently Excludes The United States
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- Kindle Edition
- 53 pages
- Trans-Pacific Partnership (TPP) Countries
- Brock R. Williams
- 15 August 2017 Brock R. Williams