Understanding the Trans-Pacific Partnership

Understanding the Trans-Pacific Partnership

by Jeffrey J. Schott
     
 

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ISBN-10: 0881326720

ISBN-13: 2900881326726

Pub. Date: 02/28/2013

Publisher: Peterson Institute for International Economics and East-West Center

The Trans-Pacific Partnership (TPP) is a big deal in the making. With the Doha Round of multilateral trade negotiations at an impasse, the TPP negotiations have taken center stage as the most significant trade initiative of the 21st century. As of December 2012, negotiators have made extensive progress in 15 negotiating rounds since the talks began in March 2010,

Overview

The Trans-Pacific Partnership (TPP) is a big deal in the making. With the Doha Round of multilateral trade negotiations at an impasse, the TPP negotiations have taken center stage as the most significant trade initiative of the 21st century. As of December 2012, negotiators have made extensive progress in 15 negotiating rounds since the talks began in March 2010, though hard work remains to finish the deal in the coming year or so.

Despite this effort, however, the TPP is not well understood. In part, the reason lies in the dynamism of the TPP initiative. Unlike other free trade pacts, the growing membership as the talks have proceeded and the broad range, complexity, and novelty of the issues on the agenda have made it difficult to track the substantive detail and progress of the talks.

This Policy Analysis aims to remedy this problem by providing a reader's guide to the TPP initiative. It first assesses how much the TPP countries are alike and like-minded in their pursuit of a comprehensive trade deal. It then examines the current status of the talks, the major substantive sticking points, and the implications of Canada and Mexico joining the talks as well as prospective membership of other countries. The Policy Analysis then looks ahead to how the TPP could advance economic integration in the Asia-Pacific region and the implications for trade relations with China.

Product Details

ISBN-13:
2900881326726
Publisher:
Peterson Institute for International Economics and East-West Center
Publication date:
02/28/2013
Series:
Policy Analyses in International Economics
Pages:
74

Table of Contents

Preface

Acknowledgments

1 Introduction 1

2 TPP Participants: How Alike? How Like-Minded? 5

3 Scope and Coverage 11

4 Sticking Points in the TPP Negotiations 17

Agriculture 18

Textiles, Apparel, and Footwear 24

Intellectual Property Rights 26

Services and Investment 31

Investor-State Dispute Procedures 34

Capital Controls 36

State-Owned Enterprises 37

Environment 37

Labor 38

Conclusion 39

5 Expanding TPP Participation 41

Canada and Mexico 42

Prospective Entrants 45

6 Moving from TPP to FTAAP 51

7 Whither China? 55

8 Conclusion 61

References 65

Abbreviations 67

Index

Tables

1.1 Trade indicators, 2011 2

2.1 Development indicators, 2011 7

3.1 FTAs among TPP11 and prospective countries, as of September 2012 15

4.1 Trade in agriculture, 2011 19

4.2 Trade in dairy products, 2011 20

4.3 Intellectual property rights: Current provisions and policy positions 27

4.4 Investment commitments in FTAs among TPP11 countries 33

4.5 Investor-state dispute settlement commitments in FTAs among TPP11 countries, as of September 2012 35

7.1 China's bilateral and regional trade agreements, as of 56

September 2012 56

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