Vietnam’s TPP ratification to take up to 2 years: lead negotiator

It will take up to two years for the Trans-Pacific Partnership (TPP), which was reached after five years of talks by 12 countries in Atlanta on Monday, to be ratified in Vietnam, the lead Vietnamese negotiator of the trade deal said. “Other countries also pledge to provide technical assistance to Vietnam in fulfilling its commitment,” he added. Read more

Marathon TPP talks in Atlanta to conclude on Sun, Oct 4

Autos and dairy seem to have been settled. Now only IP for biopharmaceuticals seems to remain. The U.S. has made a compromise proposal, moving from twelve years to eight, more than half-way to the Australian position of five years. U.S. congressional leaders have reminded negotiators that the TPP must be approved by U.S. Congress, along with eleven other legislatures.  TPA passed the U.S. House of Representatives with a 218 – 208 vote. Talks have been extended until Oct 4. Canada, Mexico, NZ Trade Ministers said they’ll stay until TPP is concluded. Japan’s Trade Minister said Read more

“We believe we are on track” to have a TPP deal, Canada’s Trade Minister Ed Fast

Canada’s Trade Minister Ed Fast said, “Canada is prepared to negotiate, to stay here until we have a deal. We believe we are on track to do so.” NZ Dairy Assn: “We won’t get everything we want, but in the end we’ve got to be reasonable.” U.S. Congressional trade leaders send letter to USTR asking for close consultations so that the deal will be approved by Congress. Companies, business associations, and four Canadian provincial agricultural ministers converge on Atlanta as the TPP conclusion appears near. Read more

Slow but sure progress in TPP Trade Ministers’ talks in Atlanta, Sep 30 – Oct 1 … or Oct 2 ?

Ministers will meet again on Thu, Oct 1, but no deal is seen likely before Fri, Oct 2, or maybe Sat, Oct 3. Auto sector rules of origin, dairy, IP for biologics remain the key issues. But there are indications of movements toward compromise on all three. Canada has proposed 50% TPP content for autos, lower than the NAFTA rules of 62.5% for autos. Japan has offered to accept higher percentages on auto parts. In addition, former NZ PM Helen Clark said it was “unthinkable” for NZ to be left out of TPP, while NZ Trade Minister Tim Groser said, “Is there a better alternative?” NZ Governments have “tried to negotiate FTAs with the U.S., Japan, Canada, and Mexico for 30 years and have completely failed. With these four giant countries , it’s this or nothing.” Read more