What: AmCham Briefing on TPP
When: Wednesday, October 22, 11:45am – 1:15pm
Where: To be announced
The Trans-Pacific Partnership (TPP) is a proposed regional free trade agreement that is currently being negotiated by twelve countries throughout the Asia-Pacific region, including Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. Vietnam is the fifth largest US trading partner in the TPP talks, trailing Canada, Mexico, Japan and Singapore. Negotiations began in 2005 and member countries set the goal of wrapping up negotiations in 2012 but contentious issues such as agriculture, intellectual property, and services and investments caused negotiations to continue. The countries then set a goal of finishing the agreement by the end of 2013, but that didn’t happen. The current goal is to wrap up negotiations by the end of this year and the next round of talks is taking place in Sydney later this month. The TPP is being negotiated as a “21st century” free trade agreement. It is designed not only to eliminate all tariffs in principle, but also to address the stubborn non-tariff barriers and “behind-the-border” business environment issues that impede the smooth flow of trade and investment across the Asia-Pacific region. If completed, the TPP will cover some 40 percent of global economic output. On Wednesday, AmCham is pleased to welcome President Obama’s principal advisor, negotiator and spokesperson on international trade and investment issues – United States Trade Representative Michael Froman – for a briefing and discussion on the on-going TPP negotiations and the status of Vietnam’s inclusion in the agreement. Due to limited space, participation in this event is by invitation only.