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Canada – Global Affairs Canada posts TPP economic impact report

By 2 Mins Read

On September 12, 2016, Global Affairs Canada posted a report by the Office of the Chief Economist, entitled Economic Impact of Canada’s Potential Participation in the Trans-Pacific Partnership Agreement.  The study assesses the potential economic impact of the TPP Agreement on Canada and other members in terms of income gains and new trade and investment opportunities based on the final negotiated outcomes of the TPP Agreement, which was concluded in Atlanta, GA in October 2015. It highlights the projected economic impact that Canada faces if it chooses to be a party to the Agreement, as well as the potential economic impact if Canada opts out of the Agreement, and the 11 other TPP countries are part of the Agreement.

US – USITC releases report on Trans-Pacific Partnership Agreement

By 2 Mins Read

  On May 18, 2016, the U.S. International Trade Commission (USITC) released its report assessing the likely impact of the Trans-Pacific Partnership (TPP) Agreement that the President has entered into with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The USITC’s report,  Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors (Inv. No. TA-105-001, USITC Pub. 4607), provides an assessment of the likely impact…

US – FDA issues Import Alert on imported shrimp and prawns from peninsular Malaysia

By 3 Mins Read

  On April 18, 2016, the U.S. Food and Drug Administration (FDA) announced that its District Offices may detain, without physical examination, imports of shrimp and prawns from peninsular Malaysia due to testing that found that approximately one-third of imports from peninsular Malaysia contained residues of nitrofurans and/or chloramphenicol.  FDA testing in fiscal year 2015 has shown an increase in shipments of Malaysian shrimp and prawns containing residues of nitrofurans and chloramphenicol. Shrimp or prawns that…

TPP to be signed on 4 February in New Zealand

By 1 Min Read

  On 21 January 2016, the New Zealand Trade Minister, Todd McClay, confirmed that his Government is planning to host the signing of the Trans-Pacific Partnership (TPP) in New Zealand on Thursday 4 February. New Zealand has issued invitations to TPP Ministers to sign the Agreement in Auckland.  Mc Clay indicated that  the signing will mark the end of the TPP negotiating process and will permit all 12 countries (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia,…

U.S. and ASEAN countries form Strategic Partnership

By 1 Min Read

On November 21, 2015, the President’s Press Secretary released a Joint Statement on the ASEAN-U.S. Strategic Partnership. At the 3rd ASEAN-U.S. Summit in Kuala Lumpur, Member States of the Association of Southeast Asian Nations (ASEAN) and the United States elevated their relationship to the ASEAN-U.S. Strategic Partnership to strengthen the role their relationship plays in realizing a common vision of a peaceful, prosperous Asia-Pacific region that offers security, opportunity and dignity to all its…

US – USITC Begins Assessment of the Trans-Pacific Partnership Agreement

By 2 Mins Read

On November 17, 2015, the U.S. International Trade Commission (USITC) announced that has instituted an investigation to assess the likely impact of the Trans-Pacific Partnership Agreement that the President has announced he intends to enter into with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The investigation, Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors (Investigation No. TPA-105-001), was requested by the U.S.…

US – President notifies Congress of intent to sign the TPP starting 90 day review period

By 2 Mins Read

On November 5, 2015, President Obama formally notified Congress of his intention to sign the Trans-Pacific Partnership (TPP) trade agreement, starting the 90 day statutorily required period for public review before he can sign the agreement. His notice of November 5, 2015, was published in the Federal Register on November 9, 2015. The Letters to the Speaker of the House and the President of the Senate read as follows: Dear Mr. Speaker: (Dear Mr. President:) Consistent…

Trans-Pacific Partnership official texts released

By 2 Mins Read

On November 5, 2015, several of the Trans-Pacific Partnership (TPP) signatories posted the official texts of the TPP’s 30 chapters, annexes and tariff schedules. Several also posted the bilateral procedural documents (side texts, understandings and letter exchanges) that apply to them. The TPP text is still to undergo a process of legal review, translation and verification. The New Zealand Ministry of Foreign Affairs and Trade (MFAT) is the Official Depositary and has the individual…

Trans-Pacific Partnership (TPP) – Agreement reached in extended session

By 1 Min Read

On October 5, 2015, the White House announced that Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, New Zealand, the United States, and Vietnam, agreed to the largest regional trade accord in history. The original negotiations were to end last week, but were extended over the weekend because agreement on the remaining issues appeared to be within reach. [Details will be available later. A Joint Ministerial press release was issued at a Press Conference…