A Quantitative Analysis of Proposals on Domestic Support in WTO Agriculture Negotiations

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis A Quantitative Analysis of Proposals on Domestic Support in WTO Agriculture Negotiations by : Sachin Kumar Sharma

Download or read book A Quantitative Analysis of Proposals on Domestic Support in WTO Agriculture Negotiations written by Sachin Kumar Sharma and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disciplining domestic support to agriculture remains an unfinished agenda in the WTO negotiations due to the different views and positions of members. Developing members have been consistently demanding an effective special and differential treatment (S&DT) for themselves, along with a substantial reduction in the trade-distorting support entitlement of developed members. However, members have failed to reach a consensus on different aspects, especially coverage and approaches to determine an overall trade-distorting support (OTDS) limit. In this context, this study quantifies and critically examines the implications of various proposals on the policy space to provide trade-distorting support based on floating and fixed reference period models. It estimates trade-distorting entitlements of 9 developed and 16 developing members under the Agreement on Agriculture (AoA) as well as the selected proposals for the years 2020 and 2030. These entitlements have been computed in monetary limits, percentage of the value of production, and on per farmer basis. Results show that many proposals have failed to deliver the effective S&DT, as developing members generally have to undertake higher cuts than developed members, highlighting the asymmetries in negotiations. The study will be useful for members to take an informed position in the agriculture negotiations on domestic support.

Harmonizing and reducing trade distorting domestic support: An analysis of the impacts of new domestic support disciplines at the WTO

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Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)

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Book Synopsis Harmonizing and reducing trade distorting domestic support: An analysis of the impacts of new domestic support disciplines at the WTO by : Glauber, Joseph W.

Download or read book Harmonizing and reducing trade distorting domestic support: An analysis of the impacts of new domestic support disciplines at the WTO written by Glauber, Joseph W. and published by Intl Food Policy Res Inst. This book was released on 2021-11-30 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The upcoming WTO Ministerial in November 2021 will once again provide WTO Members with an opportunity to address and reform agricultural domestic support. As pointed out in the Draft Chair Text on Agriculture of 29 July 2021, the Domestic Support pillar has been at the heart of the agricultural negotiations since their commencement in 2000, and, to date, has proven to be a challenging area to achieve consensus on how best to further reforms in that area. This paper examines three broad questions: First, what would be the effect on agricultural trade if Members were to fully utilize domestic support entitlements under the current Agreement on Agriculture. To study the role of existing policy space inherited from the Uruguay Round, we examine the impact of full utilization of domestic support entitlements on agricultural markets. Under the scenario, trade-distorting support would increase to USD 1.3 trillion, 5.5 times the level under the baseline scenario (USD 246 billion). Assuming full use of policy space, global agricultural production is projected to increase by 6 percent and global prices will drop by 8 percent, with all agricultural product prices showing declines. While farm income rises, a greater share of farm income comes from taxpayer resources, and the efficiency of additional transfers (ratio between increase in farmer income and taxpayer cost) is about 60 percent. The second objective of the paper is to discuss and analyze new disciplines that would further the re-forms accomplished under the Agreement on Agriculture by harmonizing support levels across Members and providing additional constraints to prevent Members from undermining these disciplines by concentrating support in a few commodities. The paper examines how these disciplines would affect production, prices, trade and farm sector income compared to a business-as-usual baseline. We find that using an overall concept of Overall Trade Distorting Support including all forms of trade-distorting measures, associated with amber and blue boxes, will have very negligible impacts on applied policies by 2030 and small effects on the agricultural markets overall. Extending this discipline to measures currently notified under Art. 6.2., the development box, will not put significant constraints on developing countries. Moving to this simplified and more transparent framework will require to define properly an anti-concentration clause, limiting the amount of payments that can benefit the producers of a specific commodity. Such feature will be quite important for sensitive commodities like cotton. Lastly, the paper examines how the proposed disciplines would affect agricultural markets under the alternative baseline that assumes that Members will utilize full entitlements under the current AoA. De-pending on the discipline scenarios, the potential subsidies increase will be reduced by USD 240 billion to USD 800 billion.

WTO Disciplines on Agricultural Support

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Publisher : Cambridge University Press
ISBN 13 : 113950133X
Total Pages : 519 pages
Book Rating : 4.1/5 (395 download)

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Book Synopsis WTO Disciplines on Agricultural Support by : David Orden

Download or read book WTO Disciplines on Agricultural Support written by David Orden and published by Cambridge University Press. This book was released on 2011-03-31 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Farm support is contentious in international negotiations. This in-depth assessment of the legal compliance and economic evaluation issues raised by the WTO Agreement on Agriculture presents consistent support data and forward-looking projections for eight developed and developing countries (EU, US, Japan, Norway, Brazil, China, India, Philippines), using original estimates where official notifications are not available. Variations over time in notified support in some cases reflect real policy changes; others merely reflect shifts in how countries represent their measures. The stalled Doha negotiations presage significantly tighter constraints for developed countries that provide the highest support, but loopholes will persist. Developing countries face fewer constraints and their trade-distorting farm support can rise. Pressure points and key remaining issues if a Doha agreement is reached are evaluated. Vigilant monitoring for compliance of farm support with WTO commitments will be required to lessen its negative consequences whether or not the Doha Round is concluded.

WTO negotiations on agriculture and developing countries

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Publisher : Intl Food Policy Res Inst
ISBN 13 : 0801886988
Total Pages : 318 pages
Book Rating : 4.8/5 (18 download)

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Book Synopsis WTO negotiations on agriculture and developing countries by : Hoda, Anwarul

Download or read book WTO negotiations on agriculture and developing countries written by Hoda, Anwarul and published by Intl Food Policy Res Inst. This book was released on 2008-04-03 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization’s Doha Round of trade talks has been plagued by a lack of concrete progress toward establishing a fair and harmonious agricultural trading system. Because the results of the Doha Round could have far-reaching implications for the trade and economic prospects of developing countries in the twenty-first century, it is critical for these countries to fully understand the issues involved in the negotiations on agriculture. However, there has been no authoritative analysis of the rules and modalities on which governments of developing countries can rely. This book, coauthored by an insider to the trade talks that led to the establishment of the WTO, fills this gap. The volume begins with a detailed analysis of the provisions of the WTO’s Agreement on Agriculture and the modalities of the negotiations. It examines the implementation experience of key members of the WTO, then traces the developments in the negotiations up to the recent impasse. In light of these considerations, and on the basis of a case study of India, the authors propose various elements of a negotiating position and strategy for developing countries. The authors offer tough but realistic recommendations regarding tariffs, market access, treatment of sensitive or special products, and other aspects of international trade. This book will be of particular interest to researchers and practitioners as well as students seeking in-depth knowledge of the recent history of agricultural trade talks.

The WTO and Food Security

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Publisher : Springer
ISBN 13 : 9811021791
Total Pages : 243 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis The WTO and Food Security by : Sachin Kumar Sharma

Download or read book The WTO and Food Security written by Sachin Kumar Sharma and published by Springer. This book was released on 2016-09-28 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the public stockholding policies of selected developing countries from the perspective of WTO rules and assesses whether the provisions of the Agreement on Agriculture (AoA) could hamper these countries’ efforts to address the challenges of food security. Further, it highlights the need to amend the provisions of the AoA to make WTO rules just and fair for the millions of people suffering from hunger and malnutrition in developing countries. This book highlights that 12 countries namely China, Egypt, India, Indonesia, Jordan, Kenya, Morocco, Pakistan, Tunisia, Turkey, Zambia and Zimbabwe are facing or will face problems in implementing the food security policies due to the provisions under AoA. These provisions need to be amended for permitting developing countries to address hunger and undernourishment. Progress in WTO negotiations on public stockholding for food security purposes are also discussed and analysed. The findings of this study greatly benefit trade negotiators, policymakers, civil society, farmers groups, researchers, students and academics interested in issues related to the WTO, agriculture and food security.

WTO Constraints and the CAP

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis WTO Constraints and the CAP by : Jean-Pierre Butault

Download or read book WTO Constraints and the CAP written by Jean-Pierre Butault and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most recent EU notifications to the World Trade Organization regarding domestic support refer to the EU-15, i.e. before significant reforms of the direct payments as well as the reforms of the Mediterranean products, hops, sugar, etc. that took place after 2003. We estimate the actual level of domestic support, as measured by the WTO Aggregate Measure of Support (AMS), given the 2004 EU enlargement and the recent reforms of the Common Agricultural Policy (CAP). We then compare the different proposals for a new discipline on domestic support that were recently issued under the Doha Development Round and we assess the constraints imposed on the Common Agricultural Policy (CAP). The EU proposal prior to the 2005 Hong Kong WTO ministerial meeting was that the EU would cut its present AMS and Overall Trade Distorting Support (OTDS) ceilings by 70% in either case. We find that such a cut mainly consolidates under the WTO the significant changes made to EU domestic support policies since the conclusion of the Uruguay Round. However, there are some downside risks for the EU and much depends on the further negotiations on the details of the disciplines to be agreed (e.g. the base period for the OTDS reference). In addition, a 70% cut leave no freedom for counting some potentially controversial subsidies against the AMS if needed. Accession of Bulgarian and Romania will make the constraints more binding. The ability to meet the domestic support discipline of the EU offer relies on the assumption that its market access component will lead to a significant reduction in the remaining AMS (particularly important in the case of fruits and vegetables). Overall, the EU proposal regarding a cut in the AMS is binding, even though it requires rather minor and sectoral changes to the CAP. Proposals that beyond the EU "Hong Kong" offer require reforming some common market organizations, but could be dealt with if the EU implemented a significant reform of the fruits and vegetables sector, that might give a larger degree of freedom regarding the AMS ceiling.

Agriculture in WTO Negotiations

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Agriculture in WTO Negotiations by :

Download or read book Agriculture in WTO Negotiations written by and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization's (WTO) fifth ministerial conference (held September 10-14, 2003 in Cancun, Mexico) ended without an agreement on a framework for continuing multilateral negotiations on agricultural trade liberalization. The inconclusive end of the Cancun ministerial places in doubt the ability of WTO member countries to complete the current round of negotiations by the scheduled January 1, 2005 deadline. WTO member countries launched this new round of multilateral trade negotiations in November 2001 at the WTO's fourth ministerial conference in Doha, Qatar. Because of its emphasis on integrating developing countries into the global trading system, the round is called the Doha Development Agenda (DDA). The new round incorporates agriculture into a comprehensive framework that includes negotiations on industrial tariffs, services, dispute settlement, and other trade issues. The ambitious agenda for agricultural trade liberalization calls for substantially improving market access, reducing and phasing out export subsidies, and substantially reducing trade-distorting domestic support. While the United States and the EU reached agreement on a broad framework for negotiating agricultural trade liberalization before the Cancun meeting, a group of developing countries, the G-22 which includes Brazil, China, India, and South Africa, among others, made a counter-proposal which makes fewer demands on developing countries than the EU-U.S. framework. The Chairman of the Cancun ministerial circulated a draft declaration at the meeting that attempted to reconcile differences between developed and developing countries on the agricultural issues. Neither the proposals made by the United States and the EU and the G-22 nor the Chairman's draft declaration propose specific modalities (formulas, targets, or timetables) for reducing tariffs and trade-distorting support and for phasing out export subsidies. WTO meetings are scheduled to continue, beginning with an agriculture negotiating group meeting in October and ending with a senior level stock taking in December 2003. Amid considerable uncertainty about prospects for completing the round, WTO members, including the United States, the EU, the G-21 and other countries, are taking stock and considering options for concluding the round. U.S. trade officials also have indicated they will be focusing attention on bilateral and regional trade negotiations. Much of U.S. agriculture would benefit from further multilateral trade liberalization, but some U.S. products might face stiffer foreign competition at home or in third-country markets. DDA negotiations, if they result in new commitments to reduce trade-distorting domestic support or export subsidies, also could affect U.S. farm programs authorized in the 2002 farm bill (P.L. 107-171). Any agreements reached in the new round would be taken up by Congress under fast-track procedures for legislation to implement trade agreements as spelled out in the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.

Agriculture in the GATT

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Publisher : Springer
ISBN 13 : 0230378900
Total Pages : 309 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Agriculture in the GATT by : T. Josling

Download or read book Agriculture in the GATT written by T. Josling and published by Springer. This book was released on 1996-11-01 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade in temperate zone farm products between the developed countries has been beset with problems since the GATT's inception in 1947. The basic problem was always that the conditions in world agricultural markets were distorted by the national agricultural policies followed by all developed countries - policies which national authorities were reluctant to adapt to conform with the requirements of a liberal international trading system for agricultural products. This book describes and analyses the attempts that were made to make trade in agriculture less distorted, more stable and predictable, and less of a dangerous source of political friction between nations, in successive rounds of negotiations under the General Agreement on Tariffs and Trade in the 45-year period from GATT's inception in 1947 to the end of the Uruguay Round in 1993. While the book analyses the development of international trade policy throughout the post-war period, particular attention is given to the Kennedy, Tokyo and Uruguay Rounds of GATT negotiations in which the problems of trade in agricultural products were confronted.

Finishing Global Farm Trade Reform:

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Publisher : University of Adelaide Press
ISBN 13 : 1925261352
Total Pages : 145 pages
Book Rating : 4.9/5 (252 download)

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Book Synopsis Finishing Global Farm Trade Reform: by : Kym Anderson

Download or read book Finishing Global Farm Trade Reform: written by Kym Anderson and published by University of Adelaide Press. This book was released on 2020-08-20 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews policy developments in recent years and, in the light of that, explores ways in which further consensus might be reached among WTO members to reduce farm trade distortions – and thereby also progress the multilateral trade reform agenda. Particular attention is given to ways that would boost well-being in developing countries, especially for those food-insecure households still suffering from poverty and hunger.

Figuring Out the Doha Round

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Publisher : Peterson Institute
ISBN 13 : 0881325600
Total Pages : 220 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Figuring Out the Doha Round by : Gary Clyde Hufbauer

Download or read book Figuring Out the Doha Round written by Gary Clyde Hufbauer and published by Peterson Institute. This book was released on 2010 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Doha Round marked its eighth birthday in November 2009, making it the longest running multilateral trade negotiation in the postwar era. Doha participants continue to disagree about prospective liberalization of agriculture and manufactures and have barely begun to consider reductions in barriers to trade in services. Negotiators have missed every deadline to conclude the talks, leading some to question the viability of the entire venture. After nearly nine years of inconclusive meetings, the trade talks are at a tipping point: A global trade deal is still possible with renewed political commitment to trade reform, but continued drift could result in the first outright failure of a multilateral trade round in the postwar era. This policy analysis shows that the Doha Round can still be successfully concluded with a concerted push by the major trading nations. Contrary to the Doha doomsayers, the potential gains from proposals now on the table are significant, albeit not sufficient to close a deal. The authors estimate the trade gains and GDP gains from a prospective Doha deal that "tops up" existing commitments to liberalize agriculture, manufactures, and services. They also suggest what each of the major trading nations needs to do to ensure the successful completion of a Doha package that is both ambitious and balanced between the interests of developed and developing countries.

The Collapse of Global Trade, Murky Protectionism, and the Crisis

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Publisher :
ISBN 13 : 9781907142239
Total Pages : 112 pages
Book Rating : 4.1/5 (422 download)

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Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Global Agricultural Trade and Developing Countries

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Publisher : World Bank Publications
ISBN 13 : 0821383493
Total Pages : 352 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Agricultural Trade and Developing Countries by : M. Ataman Aksoy

Download or read book Global Agricultural Trade and Developing Countries written by M. Ataman Aksoy and published by World Bank Publications. This book was released on 2004-11-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Agricultural Trade and Developing Countries presents research findings based on a series of commodity studies of significant economic importance to developing countries. The book sets the stage with background chapters and investigations of cross-cutting issues. It then describes trade and domestic policy regimes affecting agricultural and food markets, and assesses the resulting patterns of production and trade. The book continues with an analysis of product standards and costs of compliance and their effects on agricultural and food trade. The book also investigates the impact of preferences given to selected countries and their effectiveness, then reviews the evidence on the attempts to decouple agricultural support from agricultural output. The last background chapter explores the robustness of the global gains of multilateral agricultural and food trade liberalization. Given this context, the book presents detailed commodity studies for coffee, cotton, dairy, fruits and vegetables, groundnuts, rice, seafood products, sugar, and wheat. These markets feature distorted policy regimes among industrial or middle-income countries. The studies analyze current policy regimes in key producing and consuming countries, document the magnitude of these distortions and estimate the distributional impacts - winners and losers - of trade and domestic policy reforms. By bringing the key issues and findings together in one place, Global Agricultural Trade and Developing Countries aids policy makers and researchers, both in their approach to global negotiations and in evaluating their domestic policies on agriculture. The book also complements the recently published Agriculture and the WTO, which focuses primarily on the agricultural issues within the context of the WTO negotiations.

The WTO Agreement on Agriculture

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Publisher : Oxford Commentaries on Gatt/Wt
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The WTO Agreement on Agriculture by : Joseph McMahon

Download or read book The WTO Agreement on Agriculture written by Joseph McMahon and published by Oxford Commentaries on Gatt/Wt. This book was released on 2006-11-16 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The WTO Agreement on Agriculture' provides an in-depth examination of the substantive provisions and the disputes that have arisen in each of these three areas - market access domestic support and export competition.

Domestic Regulation and Service Trade Liberalization

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Publisher : World Bank Publications
ISBN 13 : 0821383434
Total Pages : 246 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Domestic Regulation and Service Trade Liberalization by : Pierre Sauve

Download or read book Domestic Regulation and Service Trade Liberalization written by Pierre Sauve and published by World Bank Publications. This book was released on 2003-08-29 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.

The Political Economy of the 2014-2020 Common Agricultural Policy

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Publisher : Rowman & Littlefield
ISBN 13 : 1783484853
Total Pages : 597 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis The Political Economy of the 2014-2020 Common Agricultural Policy by : Johan F.M. Swinnen

Download or read book The Political Economy of the 2014-2020 Common Agricultural Policy written by Johan F.M. Swinnen and published by Rowman & Littlefield. This book was released on 2015-07-30 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: After five years of debates, consultations and negotiations, the European institutions reached an agreement in 2013 on the Common Agricultural Policy (CAP) for the 2014-2020 period. The outcome has major implications for the EU’s budget and farmers’ incomes, but also for Europe’s environment, its contribution to global climate change and to food security in the EU and in the world. It was decided to spend more than €400 billion during the rest of the decade on the CAP. The official claims are that the new CAP will take better account of society's expectations and lead to far-reaching changes by making subsidies fairer and ‘greener’ and making the CAP more efficient. It is also asserted that the CAP will play a key part in achieving the overall objective of promoting smart, sustainable and inclusive growth. However, there is significant scepticism about these claims and disappointment with the outcome of the decision-making, the first in which the European Parliament was involved under the co-decision procedure. In contrast to earlier reforms where more substantive changes were made to the CAP, the factors that induced the policy discussions in 2008-13 and those that influenced the decision-making did not reinforce each other. On the contrary, they sometimes counteracted one another, yielding an ‘imperfect storm’ as it were, resulting in more status quo and fewer changes. This book discusses the outcome of the decision-making and the factors that influenced the policy choices and decisions. It brings together contributions from leading academics from various disciplines and policy-makers, and key participants in the process from the European Commission and the European Parliament.

Agriculture

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Publisher :
ISBN 13 : 9789287041098
Total Pages : 0 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Agriculture by : World Tourism Organization

Download or read book Agriculture written by World Tourism Organization and published by . This book was released on 2017-02-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WTO's Agreements are the legal foundation for the international trading system that is used by the bulk of the world's trading nations. This series offers a set of handy reference booklets on selected Agreements. Each volume contains the text of one agreement, an explanation designed to help the user understand the text, and in some cases supplementary material. This fully revised and updated edition provides an overview of the WTOs Agriculture Agreement, the full legal text of the Agreement, and the decisions and recommendations adopted by the Agriculture Committee since 1 January 1995. It is the latest title in the WTO Agreements Series, which aims to assist public understanding of the WTO agreements

The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781512309829
Total Pages : 0 pages
Book Rating : 4.3/5 (98 download)

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Book Synopsis The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress by : Congressional Research Congressional Research Service

Download or read book The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress written by Congressional Research Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2015-06-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Trans-Pacific Partnership (TPP) is a proposed regional free trade agreement (FTA) being negotiated among the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. U.S. negotiators and others describe and envision the TPP as a "comprehensive and high-standard" FTA that aims to liberalize trade in nearly all goods and services and include rules-based commitments beyond those currently established in the World Trade Organization (WTO). The broad outline of an agreement was announced on the sidelines of the Asia-Pacific Economic Cooperation (APEC) ministerial in November 2011, in Honolulu, HI. If concluded as envisioned, the TPP potentially could eliminate tariff and nontariff barriers to trade and investment among the parties and could serve as a template for a future trade pact among APEC members and potentially other countries. Congress has a direct interest in the negotiations, both through influencing U.S. negotiating positions with the executive branch, and by considering legislation to implement any resulting agreement.