The Senate Foreign Affairs, Defence and Trade References Committee report of its inquiry into the Trans-Pacific Partnership (TPP) was tabled in Parliament on 7 February 2017.
On January 23, 2017, the President signed Presidential Memorandum Regarding Withdrawal of the United States from the Trans-Pacific Partnership Negotiations and Agreement.
On 15 November 2016, the New Zealand parliament passed by a 61-57 vote, the Trans-Pacific Partnership Agreement Amendment Bill, which is an omnibus bill that would amend 11 different NZ laws to meet obligations in the Trans-Pacific Partnership Agreement (TPP) and enable New Zealand to ratify the agreement.
On September 12, 2016, Global Affairs Canada posted a report by the Office of the Chief Economist, entitled Economic Impact of Canada’s Potential Participation in the Trans-Pacific Partnership Agreement. The study assesses the potential economic impact of the TPP Agreement on Canada and other members in terms of income gains and new trade and investment opportunities based on the final negotiated outcomes of the TPP Agreement, which was concluded in Atlanta, GA in October 2015. It highlights the projected economic impact that Canada faces if it chooses to be a party to the Agreement, as well as the potential economic impact if Canada opts out of the Agreement, and the 11 other TPP countries are part of the Agreement.
On May 18, 2016, the U.S. International Trade Commission (USITC) released its report assessing the likely impact of the Trans-Pacific Partnership (TPP) Agreement that the President has entered into with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The USITC’s report, Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors (Inv. No. TA-105-001, USITC Pub. 4607), provides an assessment of the likely impact…
On 21 January 2016, the New Zealand Trade Minister, Todd McClay, confirmed that his Government is planning to host the signing of the Trans-Pacific Partnership (TPP) in New Zealand on Thursday 4 February. New Zealand has issued invitations to TPP Ministers to sign the Agreement in Auckland. Mc Clay indicated that the signing will mark the end of the TPP negotiating process and will permit all 12 countries (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia,…
On November 21, 2015, the President’s Press Secretary released a Joint Statement on the ASEAN-U.S. Strategic Partnership. At the 3rd ASEAN-U.S. Summit in Kuala Lumpur, Member States of the Association of Southeast Asian Nations (ASEAN) and the United States elevated their relationship to the ASEAN-U.S. Strategic Partnership to strengthen the role their relationship plays in realizing a common vision of a peaceful, prosperous Asia-Pacific region that offers security, opportunity and dignity to all its…
On November 17, 2015, the U.S. International Trade Commission (USITC) announced that has instituted an investigation to assess the likely impact of the Trans-Pacific Partnership Agreement that the President has announced he intends to enter into with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The investigation, Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors (Investigation No. TPA-105-001), was requested by the U.S.…
On November 5, 2015, President Obama formally notified Congress of his intention to sign the Trans-Pacific Partnership (TPP) trade agreement, starting the 90 day statutorily required period for public review before he can sign the agreement. His notice of November 5, 2015, was published in the Federal Register on November 9, 2015. The Letters to the Speaker of the House and the President of the Senate read as follows: Dear Mr. Speaker: (Dear Mr. President:) Consistent…
On November 5, 2015, several of the Trans-Pacific Partnership (TPP) signatories posted the official texts of the TPP’s 30 chapters, annexes and tariff schedules. Several also posted the bilateral procedural documents (side texts, understandings and letter exchanges) that apply to them. The TPP text is still to undergo a process of legal review, translation and verification. The New Zealand Ministry of Foreign Affairs and Trade (MFAT) is the Official Depositary and has the individual…