TPP Countries

U.S. Chamber welcomes U.S. – Japan Joint Statement support for TPP, Apr 25

TPP Countries“The April 25 joint statement is a positive development. We are encouraged by the level of commitment and engagement demonstrated towards the TPP negotiations by both President Obama and Prime Minister Abe. Leadership at the most senior level is required to advance this important trade agreement, and we appreciate that the intense efforts applied this week have resulted in both Japan and the U.S. acknowledging there is a path forward.

WASHINGTON, D.C.—Following the conclusion of meetings in Tokyo between both President Obama and Prime Minister Abe, and also U.S. Trade Representative Michael Froman and Minister Akira Amari to discuss bilateral negotiations between the U.S. and Japan related to the Trans-Pacific Partnership (TPP), U.S. Chamber of Commerce Vice President for Asia Tami Overby, released the following statement:

“The April 25 joint statement is a positive development. We are encouraged by the level of commitment and engagement demonstrated towards the TPP negotiations by both President Obama and Prime Minister Abe. Leadership at the most senior level is required to advance this important trade agreement, and we appreciate that the intense efforts applied this week have resulted in both Japan and the U.S. acknowledging there is a path forward.

“It is important that the president and prime minister maintain their engagement in order to conclude these negotiations soon while we have a window to do so.  Bold decisions need to be made by both leaders in order to find common ground that addresses priorities and sensitivities of both countries in a manner consistent with the comprehensive, high-standard, ambitious objectives of the TPP.

“The gains for Japan and the United States under TPP are substantial, both in geostragic and economic terms, but will only be achieved through an ambitious agreement that results in real market access and expanded commercial opportunities across all sectors. The Chamber’s expectation was, and continues to be, that the TPP agreement will eliminate tariff and non-tariff barriers to trade in all goods, including sensitive agricultural products, services and investment across all the TPP economies.   An ambitious agreement will maximize trade and investment expansion in this vital region in ways that boost domestic growth and job creation in Japan, the United States and other TPP economies.

“As the other TPP economies continue to watch for concrete progress in the U.S.-Japan negotiations, it will be critical for both countries to build on the effort made in Tokyo to advance the overall negotiations to a successful conclusion as soon as possible.”

Text of Joint Statement regarding TPP

Apr 25, 2014. “The United States and Japan also coordinate closely in multilateral financial and economic fora to advance trade liberalization and promote economic growth.  Our joint efforts are grounded in support for an international economic system that is free, open, and transparent, and embraces innovation.  In order to further enhance economic growth, expand regional trade and investment, and strengthen the rules-based trading system, the United States and Japan are committed to taking the bold steps necessary to complete a high-standard, ambitious, comprehensive  Trans-Pacific Partnership (TPP) agreement.  Today, we have identified a path forward on important bilateral TPP issues. This marks a key milestone in the TPP negotiations and will inject fresh momentum into the broader talks. We now call upon all TPP partners to move as soon as possible to take the necessary steps to conclude the agreement.  Even with this step forward, there is still much work to be done to conclude TPP.”

http://www.whitehouse.gov/the-press-office/2014/04/25/us-japan-joint-statement-united-states-and-japan-shaping-future-asia-pac