The panel agreed the Trans-Pacific Partnership (TPP) will transform the trade landscape in the Asia-Pacific with the comprehensive, high standards currently being negotiated by the U.S., Japan, Singapore, Australia, New Zealand, Brunei, Malaysia, Vietnam, Canada, Mexico, Chile, and Peru. These 12 economies make up almost 40% of global GDP.
The negotiation is in the 5th year and many believe in the last stages as both the U.S. and Japan have political calendars that make it harder as time goes on so U.S.-Japan experts predict the bilateral parallel negotiation will likely conclude with Prime Minister Abe’s trip to DC in late April. Once the U.S. and Japan conclude their bilateral, the pathway to conclude the entire agreement seems imminent
The U.S. needs Trade Promotion Authority (TPA) which would allow Congress to vote yes or no for TPP without amendments. President Obama and his entire Cabinet are now fully engaged in securing TPA for the President.
Chair: Ambassador Craig Allen, U.S. Embassy Brunei
- Eric Emerson, Partner, Steptoe and Johnson, Washington, D.C. and Beijing
- Jake Jennings, Executive Director of International External and Regulatory Affairs, AT&T
- Tami Overby, Senior Vice President, Asia, U.S. Chamber of Commerce, Washington, D.C.
- Robert Wang, U.S. Senior Official for Asia-Pacific Economic Corporation (APEC), U.S. Department of State