2016 ILS Retreat September 30- October 2, 2016 Boca Raton Resort & Club “Thoughts on the Trans Pacific Partnership, The Election, and the Future of Trade”

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Presentation transcript:

2016 ILS Retreat September 30- October 2, 2016 Boca Raton Resort & Club “Thoughts on the Trans Pacific Partnership, The Election, and the Future of Trade” October 1, 2016 by Peter Quinter

Customs and International Trade Law Group Shareholder in Charge Customs and International Trade Law Group GrayRobinson, P.A. (305) 416-6960 peter.quinter@gray-robinson.com

Do you have questions about importing/exporting. http://www

Benefits of the Trans-Pacific Partnership * Remove all tariff and non-tariff barriers to international trade Other Examples: Enforce human rights Prohibit child labor Prohibit forced convict labor Encourage collective bargaining Combat illegal fishing Resolve food safety issues

Trans-Pacific Partnership (TPP) A “21st century agreement” – “high-standard, ambitious, comprehensive, and balanced” TPP Agreement signed on February 4, 2016 Currently with 12 participating countries on both sides of the Pacific having: Combined population of 800 million GDP of $28 trillion (40% of global GDP) $9 trillion in merchandise trade; $2 trillion trade of services (30% of world trade)

TPP: Who ARE IN IT? Australia (2008) Brunei (2005) Chile (2005) Canada (2012) Japan (2013) Malaysia (2010) Mexico (2012) New Zealand (2005) Peru (2008) Singapore (2005) United States (2008) Viet Nam (2008)

TPP: Who are interested to join? South Korea Philippines Taiwan Thailand Colombia Indonesia India Sri Lanka

Chapters of the TPP Agreement Initial Provisions & Gen Definitions Nat’l Treatment & Market Access Rules of Origin Textiles & Apparel Customs Adm & Trade Facilitation Trade Remedies SPS Measures Technical Barriers to Trade Investment Cross-Border Trade in Services Financial Services Temporary Entry of Business Persons Telecommunications Electronic Commerce Government Procurement Competition Policy State-Owned Enterprises (SOEs) Intellectual Property Labor Environment Cooperating & Capacity Building Competition & Business Facilitation Development Small- & Medium-Sized Enterprises Regulatory Coherence Transparency & Anti-Corruption Administrative & Institutional Provisions Dispute Settlement Exceptions Final Provisions

“NAFTA is the worse trade deal ever.”

NAFTA (North American Free Trade Agreement) 1994 Promised to create 200,000 new American jobs from increased exports Nearly 1 million U.S. jobs have been sent to Mexico for lower wages U.S. commodity exports to Mexico caused the demise of thousands of Mexican farms, creating a surge of immigrants to the U.S., desperate to find work Agricultural trade imbalances in fruits and vegetables tripled within 5 years of NAFTA, contributing to the loss of 170,000 American farms (Over a 20% decrease)

Presidential Candidate and former Secretary of State in 2012, Hillary Clinton said while on a trip to Australia “This TPP sets the gold standard in trade agreements to open free, transparent, fair trade, the kind of environment that has the rule of law and a level playing field.”

Customs and International Trade Law Group, Shareholder in Charge, Customs and International Trade Law Group, GrayRobinson, P.A. 954-270-1864 peter.quinter@gray-robinson.com