ABSTRACT

Moving On: TPP Signatories Meet in Chile [March 16, 2017]   [open pdf - 127KB]

"On March 14-15, representatives from the 12 original signatories to the proposed Trans-Pacific Partnership (TPP) free trade agreement (FTA) met in Chile to discuss the future direction of regional integration efforts in the Asia-Pacific (see CRS In Focus IF10000, TPP: Overview and Current Status). China, Colombia, and South Korea were also represented. The meeting follows the Trump Administration's January announcement of U.S. withdrawal from the TPP, which effectively ended the possibility of TPP's entry into force in its current form (see CRS Insight IN10646, The United States Withdraws from the TPP). The United States has existing FTAs with six of the TPP countries, but not with Brunei, Japan, Malaysia, New Zealand, or Vietnam. The Trump Administration says it plans to focus its future trade efforts on possibly renegotiating and modernizing existing FTAs, beginning with the North American Free Trade Agreement (NAFTA), and then potentially pursuing new bilateral FTAs with TPP participants, particularly Japan and, possibly, other countries (see CRS Report R42965, The North American Free Trade Agreement (NAFTA))."

Report Number:
CRS Insight, IN10669
Author:
Publisher:
Date:
2017-03-16
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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