US Chamber of Commerce on TPP

8/20/2019 US Chamber of Commerce on TPP

1/17

S. Chamber of Commerce

rans-Pacific Partnership

rsday, April 16, 2015 - 4:30pm

U.S. companies scour the globe for consumers, the booming Asia-Pacific region stands out. Over t

decades, the region's middle class grew by 2 billion people, and their spending power is greater th

r. That number is expected to rise by another 1.2 billion by 2020. According to the IMF, the world

nomy will grow by $21.6 trillion over the next five years, and nearly half of that growth will be in Asi

. businesses and workers need better access to those lucrative markets if they're going to share in

matic growth. But U.S. companies are falling behind in the Asia-Pacific. While U.S. exports to the A

ific market steadily increased from 2000 to 2010, America's share of the region's imports declined

ut 43%, according to the think tank Third Way. In fact, excluding China, East Asia in 2014 purchase

aller share of U.S. exports in 2014 than it did five years earlier, despite a 54% increase in total U.S.

chandise exports in that period

e reason U.S. companies have lost market share in the Asia-Pacific region is that many countries

ntain steep barriers against U.S. exports. A typical Southeast Asian country imposes tariffs that are

es higher than the U.S. average while its duties on agricultural products soar into the triple digits. In

ition, a web of nontariff and regulatory barriers block market access in many countries.

de agreements are crafted to overcome these barriers. However, Asia-Pacific nations are clinching

ls among themselves that threaten to leave the United States on the outside looking in. The numbe

e accords between Asian countries surged from three in 2000 to more than 50 today. Some 80 mo

e pipeline. Meanwhile, the United States has just three trade agreements in Asia (with Australia,

gapore and South Korea).

s challenge is growing: 16 countries are launching expedited negotiations for a trade deal called the

ional Comprehensive Economic Partnership (RCEP). It includes Australia, China, India, Japan, Ko

New Zealand as well as the 10 ASEAN countries--but not the United States.

Trans-Pacific Partnership (TPP) is America's best chance to ensure the United States isn't stuck o

side--looking in--as Asia-Pacific nations pursue new trade accords among themselves. Its objective

eve a comprehensive, high-standard, and commercially meaningful trade and investment agreeme

11 other Asia-Pacific nations, including Australia, Brunei, Japan, Malaysia, New Zealand, Singapo

Vietnam. It also includes Canada, Mexico, Peru, and Chile, thus offering a chance to integrate exi

. trade agreements in the Americas.

TPP must be a comprehensive agreement. In trade talks, whenever one party excludes a given

mmodity or sector from an agreement, others follow suit, limiting its reach. For the United States to

eve the goal of a true 21st century agreement--with state-of-the-art rules on digital trade, state-ow

erprises, investment, and other key areas--its negotiators must hold fast to the goal of a comprehen


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ord.

e top U.S. priority is to ensure the TPP protects intellectual property (IP), which plays a vital role in

nomic growth, jobs and competitiveness. According to the U.S. Department of Commerce, IP-inten

panies account for more than $5 trillion of U.S. GDP, drive 60% of U.S. exports and support 40 mi

erican jobs. To build on these strengths, the TPP must include robust IP protection and enforcemen

visions that build on the U.S-Korea Free Trade Agreement and provide 12 years of data protection

ogics consistent with U.S. law.

TPP also needs to reflect how goods are produced in the 21st century using global value chains. T

goods we buy are usually labeled "Imported" or "Made in the USA"--with no middle ground. Howev

mpanies often rely on global value chains that span the Pacific to hone their competitiveness.

United States is a principal beneficiary of these supply chains. One recent study found that 70% o

retail price of apparel assembled in Asia is created by American innovators, designers, and retaile

king customs and border procedures more efficient and enacting other trade facilitation reforms will

ove sand from the gears of global value chains and enhance U.S. competitiveness.

mpleting the TPP would pay huge dividends for the United States. The agreement would significant

rove U.S. companies' access to the Asia-Pacific region, which is projected to import nearly $10 trill

th of goods in 2020.A study by the Peterson Institute for International Economics estimates the trad

eement could boost U.S. exports by $124 billion by 2025.

rking closely with the Office of the U.S. Trade Representative (USTR), the Chamber has led the bu

mmunity's advocacy for the inclusion of strong disciplines in the TPP trade agreement on intellectua

perty, regulatory coherence, due process in antitrust enforcement, and state-owned enterprises.

TPP has the potential to strengthen our nation's commercial, strategic, and geopolitical ties across

he fastest growing and most influential parts of the world. It would be an economic shot in the arm f

erica. And it would send a message to the region and to the world that the United States is not goin

n the sidelines. We're going to be in on the action.

amber Recommendations

As nations across the Pacific clinch their own trade agreements that exclude the United States, threpresents a vital opportunity to ensure that American exporters have access to the world's most

dynamic economies.

To reach the vision of a "21st century trade agreement," the TPP negotiators must conclude a high

standard agreement that is comprehensive and ambitious.

The TPP negotiations represent an opportunity to establish strong rules to protect intellectual prop

cultivate the digital economy, and combat trade and investment protectionism.


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5/17

sday, April 30, 2014 - 10:45am

Chamber of Commerce

P Could Create 700,000 New U.S. Jobs

cts are in: the Trans-Pacific Partnership (https://www.uschamber.com/issue-brief/trans-pacific-partnership) has the potential to be a big winner for Americ

rs, farmers and business owners.

on the methodology and outcomes used in the Peterson Institute’s study, The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessm

/www.piie.com/publications/interstitial.cfm?ResearchID=2146), we calculated that the United States will create an additional 700,000 new jobs as a result

se in trade and investment from the TPP agreement. And that growth is spread all across the country; every state will see net gains in employment.

Because outside our borders are markets that represent 73% of the world’s purchasing power, 87% of its economic growth, and 95% of its consumers. When

ate trade agreements, we give our companies and workers the opportunity to compete and succeed on a global scale.

ntrary to what the isolationists are going to tell you – the TPP is a job creator.

is no more important priority in our nation than putting Americans back to work -- so let’s get the TPP done.

on the image below to see a larger map and your state's details. And share with your friends via Twitter and Facebook.)

//www.uschamber.com/sites/default/files/020753_INTL_TPP_JobsMap_FIN_5100px_1.jpg)



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9/17

dnesday, March 4, 2015 - 9:00am — Written by John G. Murphy (/john-g-murphy)


he Open Door of Trade: The Trans-Pacific

artnership

hth in a series

viously: Trade Agreements and Small Business (https://www.uschamber.com/blog/open-door-tr

eements-and-small-business)

at are the benefits of America's free trade agreement (FTAs)? With debate over the renewal of Trad

motion Authority (TPA) now underway in Washington, the Chamber is publishing this series of blog

mining the benefits of the trade agreements that TPA makes possible. Here is the full report on the

efits of America's free trade agreements

ps://www.uschamber.com/sites/default/files/open_door_trade_report.pdf).


10/17

w can America seize more of the benefits of FTAs? The good news is that the United States is takin

everal major trade negotiations, including the Trans-Pacific Partnership (TPP) with 11 countries in A

the Americas.

booming Asia-Pacific region is a logical focus for America's trade negotiators. Over the last two

ades, the region's middle class grew by 2 billion people, and its spending power is greater than eve

t number is expected to rise by another 1.2 billion by 2020. According to the International Monetary

d, the world economy will grow by more than $20 trillion over the next five years, and nearly half of

wth will be in Asia.

. workers, farmers and businesses need access to those lucrative markets if they are to share in th

matic growth. However, U.S. companies are falling behind in the Asia-Pacific. While U.S. exports to

a-Pacific market steadily increased from 2000 to 2010, America's share of the region's imports dec

about 43%, according to the think tank Third Way. In fact, excluding China, East Asia in 2014 purch

maller share of U.S. exports in 2014 than it did five years earlier, despite a 54% increase in total U.

chandise exports in that period

e reason U.S. companies have lost market share in the Asia-Pacific region is that some countriesntain steep barriers against U.S. exports. A typical Southeast Asian country imposes tariffs that are

es higher than the U.S. average while its duties on agricultural products often soar into the triple dig

ition, a web of nontariff and regulatory barriers block market access in many countries.

s are crafted to overcome these barriers. However, Asia-Pacific nations are clinching trade deals a

mselves that threaten to leave the United States on the outside looking in. The number of FTAs bet

an countries surged from three in 2000 to more than 50 today. Some 80 more are in the pipeline.

anwhile, the United States has just three trade agreements in Asia (with Australia, Singapore and S

ea).

s challenge is growing: 16 countries are launching expedited negotiations for a trade deal called the

ional Comprehensive Economic Partnership (RCEP). It includes Australia, China, India, Japan, Ko

New Zealand -- as well as the 10 ASEAN countries -- but not the United States.

TPP is America's best chance to secure a level playing field for trade in the Asia-Pacific region. Its

ective is to achieve a comprehensive, high-standard and commercially meaningful trade and invest

eement with 11 other Asia-Pacific nations, including Australia, Brunei, Japan, Malaysia, New Zealagapore and Vietnam. It also includes Canada, Mexico, Peru and Chile, thus offering a chance to int

ting U.S. trade agreements in the Americas.

TPP must be a comprehensive agreement. Whenever one party in a trade talk excludes a given

mmodity or sector from an agreement, others follow suit, limiting its reach. For the United States to

eve the goal of a true 21st century agreement -- with state-of-the-art rules on digital trade, state-ow

erprises, investment and other key areas -- its negotiators must hold fast to the goal of a comprehe

ord.


11/17


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e top U.S. priority is to ensure the TPP protects intellectual property (IP), which plays a vital role in

nomic growth, jobs and competitiveness. According to the U.S. Department of Commerce, IP-inten

panies account for more than $5 trillion of U.S. GDP, drive 60% of U.S. exports and support 40 mi

erican jobs. To build on these strengths, the TPP must include robust IP protection and enforcemen

visions that build on the U.S-Korea Free Trade Agreement and provide 12 years of data protection

ogics consistent with U.S. law.

mpleting the TPP would pay huge dividends for the United States. The agreement would significant

rove U.S. companies' access to the Asia-Pacific region, which is projected to import nearly $10 trillth of goods in 2020. A study by the Peterson Institute for International Economics estimates the tra

eement could boost U.S. exports by $124 billion by 2025.

TPP has the potential to strengthen our nation's commercial, strategic and geopolitical ties across

he fastest growing and most influential parts of the world. It would be an economic shot in the arm,

sting growth and jobs across the country.

principal rationale for FTAs is to unleash new flows of mutually beneficial trade between American

citizens of our partner nations -- and do so in a way that is fundamentally fair. With regard to the TPential benefits are truly significant.

t time: The Transatlantic Trade and Investment Partnership (TTIP)

ps://www.uschamber.com/blog/open-door-trade-transatlantic-trade-and-investment-partnersh

et John G. Murphy (/john-g-murphy)

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t in International Trade and Investment (/international-trade-and-investment)

easons Why U.S.-Israel Economic Ties are Important (/blog/3-reasons-why-us-israel-economic-

-important)

@JGodiasMurphy

ps://twitter.com/JGodiasMurphy) @uschamber

ps://twitter.com/uschamber)



12/17


14/17

ay, November 14, 2014 - 3:00pm — Written by Ashley Mergen (/ashley-mergen)


ow the Trans-Pacific Partnership Just Got Sex

s post originally appeared on the U.S. Chamber Global Intellectual Property Center's blog

p://www.theglobalipcenter.com/how-the-tpp-just-got-sexier/).

got news for you, folks. After last week's election- trade just got sexier. Post-election headlines

p://www.csmonitor.com/Commentary/the-monitors-view/2014/1105/Obama-GOP-can-now-pa

one-project-trade-pacts) coalesced around trade policy, dubbing it one of the few areas--if not the

le area-- where we could see bipartisan engagement in the short term:

After this midterm election, a new Republican-led Congress can start to build trust with President

Obama by striking a deal on proposed trade pacts with Asia and Europe. The US needs such

bipartisanship to spur growth and shape global values. [Christian Science Monitor editorial

dle eastern spices


15/17

(http://www.csmonitor.com/Commentary/the-monitors-view/2014/1105/Obama-GOP-can-

now-partner-on-one-project-trade-pacts) 11/5/14]

h the biggest trade agreement in history on the horizon, the new Congress has an extremely rare

ortunity for a political hat-trick with "wins" going to themselves, the administration, and the America

nomy.

restingly, intellectual property policy is one of the areas that could help sell the agreement here at h

as a strong base of support in Congress, with members on both sides of the aisle understanding thng intellectual property chapter bolsters U.S. competitive advantage in the global economy. If the

erican model--where 61% of exports are driven by IP-intensive industries

p://www.esa.doc.gov/sites/default/files/reports/documents/ipandtheuseconomyindustriesinfoc

ves any indication of the power of patents, copyrights, trademarks, and trade secrets, all twelve cu

future Trans-Pacific Partnership (TPP) partner nations also stand to gain from a high-standard cha

the pact, is unlikely to come into force until enactment of a new Trade Promotion Authority

p://www.slideshare.net/uschamber/021807-intl-top10reasonsrobusttradeslidesharefin) (TPA,

t-track"), which gives Congress the opportunity to set trade objectives and grants the Executive Bra

authority necessary to finalize trade agreements in good faith before they go up for a vote in Cong

ry president since Richard Nixon has been granted trade promotion authority (and subsequently

mpleted a slew of trade agreements which have opened up markets to U.S. businesses and exports

und the world) - until now.

unately, the tea leaves seem to indicate that TPA is likely to gain support and could move forward i

th Congress, despite this year's lack of action:

Mr. Obama hailed the bill in his State of the Union address, but Senate Majority Leader Harry Reid

(Nev.), never a fan of fast-track and always wary of offending free-trade critics like organized labor

in an election year, poured cold water on it. The administration sent Mr. Baucus to China as

ambassador, and his replacement as Finance chairman, Ron Wyden (D-Ore.), attached little

urgency to the bill. It fizzled amid the general legislative stagnation of a hyper-political season.

Of the bill's three authors, only Mr. Hatch will remain in the new Congress. But the others' absence

should cause no delay; if the bipartisan bill that emerged in January was good enough for

Republicans then, it should still be good enough now. This is a crucial measure that leaders of thenew Congress can and should take off the shelf, pass and send to Mr. Obama for his

signature. [Washington Post editorial (http://www.washingtonpost.com/opinions/the-new-

congress-should-revive-a-bill-on-fast-track-trade-authority/2014/11/06/e2b4feae-638a-11e4-

836c-83bc4f26eb67_story.html) , 11/6/14]

le there is (rightly) some pressure to pass TPA and quickly conclude TPP and - waiting in the wings

.-EU Transatlantic Trade and Investment Partnership (TTIP), the devil is indeed in the details. Gett

agreement isn't the goal- it's getting the right one. And setting ambitious, 21st-century standards fo

lectual property protection is essential to getting TPP and TTIP right before they go to Congress fo


16/17


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roval.

h TPP leaders declaring the "end coming into focus (http://www.whitehouse.gov/the-press-

ce/2014/11/10/trans-pacific-partnership-leaders-statement)" on the margins of APEC meetings

ing, all eyes remain on the unveiling of a comprehensive, forward-leaning agreement that is so hot

gress will buckle at the knees and the hearts of American business will pitter patter all the way acr

Pacific.

et Ashley Mergen (/ashley-mergen)

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Documents

US Chamber of Commerce on TPP