Stop TPP and Carry On (Photo credit: IronCurtaiNYC)
A summit with leaders of the member states of the Trans-Pacific Strategic Economic Partnership Agreement (TPP). Pictured, from left, are Naoto Kan (Japan), Nguyễn Minh Triết (Vietnam), Julia Gillard (Australia), Sebastián Piñera (Chile), Lee Hsien Loong (Signapore), Barack Obama (United States), John Key (New Zealand), Hassanal Bolkiah (Brunei), Alan García (Peru), and Muhyiddin Yassin (Malaysia). Six of these leaders represent countries that are currently negotiating to join the group. (Photo credit: Wikipedia)TPP SNAPSHOT
Including Australia
GDP - US$20,734 billion (2011) / GDP Per Capita US$31,491Billion (2011)
Population: 658.5 Million (2011) / Trade with Australia $135.303 Billion (2011)
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| Weigh it up! |
About the TPP negotiations
The government’s highest regional trade negotiation priority is the conclusion of the Trans-Pacific Partnership Agreement (TPP). This agreement will build on the Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei Darussalam, Chile, New Zealand and Singapore, which entered into force in 2006.The TPP includes the P4 Parties as well as Australia, Canada, Malaysia, Mexico, Peru, the USA and Vietnam.
The Australian Government will pursue a TPP outcome that eliminates or at least substantially reduces barriers to trade and investment. The TPP is more than a traditional trade agreement; it will also deal with behind-the-border impediments to trade and investment.
It is intended that the TPP be a living agreement that remains relevant to emerging issues and allows for membership expansion. While expanded membership of the TPP is desirable, those seeking membership would need to demonstrate commitment to early and comprehensive liberalisation so as to maintain the momentum that has been generated by existing TPP parties.
Australia's decision to participate in the TPP in 2008 followed an extensive public consultation process. Overall, there was widespread interest in and support for Australia's participation in the TPP. Input received through the consultation process is being used to inform the Government's priorities and objectives for Australia's ongoing work on the TPP.
Key interests and benefits
- The TPP has the potential to form a building block for Asia-Pacific regional economic integration. It is in Australia’s interests to be involved in order to shape the direction of the initiative.
- Regional rules of origin will provide new opportunities for Australian exporters to tap into global supply chains.
- The TPP could provide additional market access for goods and services into the markets of existing FTA and future TPP partners.
- Inclusion of Investment and Financial Services chapters in the TPP could provide improved opportunities for Australian financial services providers by mitigating barriers, such as foreign restrictions on capital and investment flows.
- The TPP provides a framework for engaging with Peru, a country with which we do not have an existing bilateral trade arrangement. In particular there is potential for better access for dairy products and mining services to Peru.
http://www.dfat.gov.au/fta/tpp/index.html
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The TPP Agreement Asia-Pacific trade agreement that reflects U.S. priorities and values”. The the draft text remains largely secret, the outline indicates that the agreement is wide-ranging, covering some 20 areas, including competition, customs, e-commerce, intellectual property, investment, industrial relations, and trade according to Matther Rimmer. (Associate Professor, Australian National University 2011)
I think we have enough on our plates with the mining issues and now we have this as well. I am feeling very overwhelmed with the world and its heartless practices that are all economically based and the facts they say that fix things don't fix anything. This makes rich people richer! This is the end result and I am afraid you will not change my mind because it is the biggest threat to free speech and intellectual property ever seen before.
Images @ Melonpopzdropz Flickr
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