FTA Central

Australia has locked in an additional 65,000 metric tons of access to the U.S. sugar market under the Trans-Pacific Partnership (TPP) but has also secured guarantees that it will get “nearly a quarter” of future growth in the market, such that it could ship in total more than 400,000 tons of sugar to the United States within two years, according to Australian Minister for Trade & Investment Andrew Robb. Robb, speaking to Inside U.S. Trade in Atlanta at the...

ATLANTA -- Under the Trans-Pacific Partnership (TPP) deal announced on Monday (Oct. 5), the United States will eliminate its 25 percent tariff on trucks after 30 years, and get rid of the 2.5 percent tariff on automobiles after 25 years. Under a U.S.-Japan understanding from April 2013, the phaseouts on all motor vehicles will be “backloaded to the maximum extent." That agreement had also provided that the treatment for motor vehicles from Japan under TPP would “substantially exceed” that provided...

The United States and 11 other Trans-Pacific Partnership (TPP) countries announced Monday (Oct. 5) they have resolved all outstanding issues in their talks but that work to finalize the text of the deal is still continuing, as key U.S. lawmakers reacted with caution or even outright disappointment at the compromises U.S. negotiators have made. Capping more than five days of negotiations in Atlanta, and more than five years of talks, the TPP trade ministers issued a joint statement Monday morning...