Trans-Pacific Partnership by: Eric Florence

Contents Overview U.S. National Interest, Policy, Politics Issue: TPP Policy Recommendation Conclusion and Questions 2

Overview 3 Trans-Pacific Partnership Trade agreement that will enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.

History 4 Origins Trans-Pacific Strategic Economic Partnership Agreement (2006) FTA among Chile, Brunei, New Zealand, Singapore TPP stems from TPSEP, albeit significantly expanded

U.S. National Interest Increase Exports, Job Promotion TPP countries represent 40% of global trade Increase Competiveness TPP will facilitate larger U.S. role in Asia- Pacific region $895B exports to Asia-Pacific in 2011 Agricultural and services sectors ranking among highest 5

TPP: Who? 6 Member States Singapore Chile New Zealand Brunei Australia Peru Vietnam Malaysia United States Mexico Canada

TPP: What? 7 Similar, but broader focus than TPSEP Strengthen economic ties Reduce tariffs and trade barriers Increase investment flows Integration of economic policies and regulations Still in negotiation

TPP: Why? 8 Economic gains Population GDP/Per Capita income Counterpoint: China Potential growth in agreement

Controversy 9 Intellectual Property rights and enforcement Incidental copies, Digital locks, Small- scale infringement Patents Pharmaceuticals Transparency

Policy Recommendation 10 For: USTR Ron Kirk and TPP negotiating delegates: inconclusive

Conclusion TPP presents great opportunity for greater regional cooperation and huge economic growth. Present controversy could overshadow discussion and dilute a sound agreement. 11

Questions? 12