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Latest News on TPP Deal

Japan To Cut Beef Duty To 9%, Reduce Max Pork Tariff By 90%

Under the Trans-Pacific Partnership (TPP) deal announced on Oct. 5, Japan has committed to deep reductions in tariffs on most beef and pork products over periods of between 10 to 15 years, but will only eliminate duties for a limited number of these goods and will retain its complex tariff system on pork known as the gate price. Japan's tariff concessions on these products will apply to all TPP countries.

Obama Predicts Eventual TPP Approval; Poised To Notify Congress

President Obama on Tuesday afternoon (Oct. 6) predicted that the Trans-Pacific Partnership (TPP) agreement will ultimately be approved by Congress after a spirited public debate that will show the agreement offers considerable benefits to American business and workers.

U.S. Grants Canada Combined 19,200 Tons Of New Sugar Access

On top of the sugar market access it granted Australia under the Trans-Pacific Partnership (TPP), the United States has also agreed to grant additional access for Canada in the amount of 19,200 metric tons.

Australia, Chile Say TPP Biologics Deal Will Not Require Them To Change

Canada To Provide ‘Limited’ New TPP Access For Supply Managed Products

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The European Court of Justice (ECJ) on Tuesday (Oct. 6) delivered a fatal blow to the Safe Harbor framework that allows companies in the EU to transfer personal data to the U.S., ruling that the framework is invalid and that EU member state data protection authorities – known as DPAs – can investigate complaints brought before them.

A coalition of 18 U.S. and international business groups are pressing the China Banking Regulatory Commission (CBRC) to overhaul a proposed regulation that would require foreign technology companies to incorporate China-developed encryption algorithms and security mechanisms if they supply Chinese financial institutions.

House Ways & Means Chairman Paul Ryan (R-WI) on Wednesday (Sept. 30) said two fellow House Republican lawmakers are working to craft a miscellaneous tariff bill (MTB) compromise that will not run afoul of the party's ban on earmarks, but signaled that this may not be part of the pending customs bill package.

The Peruvian government is fighting back against claims that it has not fully complied with the environmental provisions of the U.S.-Peru free trade agreement, but an English-language document it released this month as part of this campaign in fact shows that Lima as of mid-2014 had still not fully implemented 10 of its 29 obligations under the deal's forestry annex.

World Trade Organization members negotiating to expand the Information Technology Agreement (ITA) this week in Geneva are pushing back on China's demands that it be allowed to phase out tariffs over the longest possible timeframe for roughly 40 percent of the IT products being considered in the expansion talks.

The European Union’s ambassador to the United States on Tuesday (Sept. 29) predicted the two sides will reach a point in their trade talks next year when they must decide which sectors will be part of a package on regulatory cooperation and which will have to be left for later.

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  • The World Trade Organization's Dispute Settlement Body (DSB) at a regular meeting on Sept. 28 established a panel at the request of Indonesia to determine whether U.S. antidumping and countervailing duties on coated paper from Indonesia are in violation of its WTO commitments.

  • Selected members of the World Trade Organization participating in the negotiations for an Environmental Goods Agreement (EGA) have taken the first step toward narrowing the potential product scope of the initiative from 665 by grouping items with the broadest backing into one list and relegating those with less support to another.

Around the World

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  • The lead House Republican supporter of the Export-Import Bank announced on Sept. 30 that he is seeking to file a discharge petition that would bring his Ex-Im reauthorization bill to the floor for a vote, five days after he told Inside U.S. Trade he would wait until House Speaker John Boehner (R-OH) resigned before pursuing such a move.

  • President Obama and Chinese President Xi Jinping on Sept. 25 committed that neither government will participate in or endorse the cybertheft of commercial trade secrets and pledged to "intensify" negotiations for a U.S.-China Bilateral Investment Treaty (BIT), but stopped short of announcing a goal for the agreement's conclusion.

FTA Central

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  • ATLANTA -- Australia is making the case to the United States and other Trans-Pacific Partnership (TPP) countries here that its domestic system effectively provides for at least six years of market exclusivity for biologic drugs, in an apparent effort to show flexibility to U.S. demands for an extended term for this advanced class of medicines, according to informed sources.

  • ATLANTA -- U.S. Trade Representative Michael Froman last week sought to reassure members of the Ways & Means Committee that U.S. negotiators are working to get the best deal possible on dairy market access in the Trans-Pacific Partnership (TPP) that would entail a balanced outcome for the sector, according to congressional sources.