1. The World is Open for Your Business October 8, 2015 Koreen Grube U.S. Export Assistance Center

2. Trans Pacific Partnership - TPP  United States  Australia  Brunei Darussalam*  Canada  Chile  Japan*  Malaysia*  Mexico  New Zealand*  Peru  Singapore  Vietnam*

3. TPP Participants

4. TPP - Background  Ministerial-level meeting in late July (in Hawaii)  Congress granted USTR “Trade Promotion Authority” in July 2015  Sophisticated Agreement – including 30 chapters spanning: –IP –E-commerce –Treatment of state-owned enterprises –Labor –Environment

5. TPP – Background (continued)  USTR recently (9/23) released summaries of U.S. negotiating objectives to ensure negotiations are transparent to the public and Congress. –https://ustr.gov/sites/default/files/TPP-Detailed- Summary-of-US-Objectives.pdfhttps://ustr.gov/sites/default/files/TPP-Detailed- Summary-of-US-Objectives.pdf  Ministerial level meeting that took place in Atlanta last week. https://ustr.gov/tpp#

6. TPP – Key Negotiating Issues  Automotive –NAFTA countries vs. Japan  Dairy –New Zealand and Australia vs. Canada  Geographic Indicators (GIs)  Currency Manipulation

7. Cuba  1961 – Formal diplomatic and economic relations were severed between the U.S. & Cuba  December 2014 – President Obama announced diplomatic and economic changes toward Cuba.  January 2015 – Commerce (BIS) & Treasury (OFAC) published revised regulations –Travel to Cuba for authorized purposes without the need for a license. 12 permitted conditions for travel Authorized U.S. travel service to Cuba

8. Cuba  Allow U.S. financial institutions to open correspondent accounts at Cuban financial institutions to facilitate some commercial transactions. –U.S. insurers can provide coverage.  Allow a number of other activities related to, among other areas, telecommunications, financial services, trade and shipping.  July 2015 – U.S. Embassies opened.  September 2015 – Some additional revisions to BIS and OFAC license exceptions

9. Koreen.Grube@Trade.GovKoreen.Grube@Trade.Gov (414) 297-3475 Export.gov/Wisconsin