World Trade Organization (WTO) particpants created the the Information Technology Agreement (ITA) in December 1996, which eliminated tariffs on specific technology product exports. From 2012 to 2015, WTO participants negotiated how to expand the ITA to cover additional technologies.
The Treasury Department released this document,a side agreement of the Trans-Pacific Partnership. For the first time in the context of a free trade agreement, participating countries adopted a declaration that "addresses unfair currency practices by promoting transparency and accountability."
On October 4, 2015, the Trans-Pacific Partnership negotiations concluded, which included ministers from Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam. The full text of the report was released a month later, on November 4, 2015.
U.S. Chief Negotiator Dan Mullaney and EU Chief Negotiator Ignacio Garcia Bercero held a conference call to report on their discussions at the Miami Round of the Transatlantic Trade and Investment Partnership (T-TIP) Negotiations.
The Trans-Pacific Partnership trade deal concluded on Monday puts the US in a place it has not been in more than two decades — out in front in the competition to write the rules for the next generation of global trade.
Following the agreement reached on the Trans-Pacific Partnership by the United States and eleven other countries, Council on Foreign Relations experts assessed the trade deal’s consequences for the global trade regime, geopolitics, and the international economy.
Edward Alden, CFR’s Bernard L. Schwartz senior fellow and director of the CFR Renewing America publication series, discusses international trade policy and American competitiveness, as part of CFR's Academic Conference Call series.
As election season approaches, and global crises in Greece and elsewhere intensify, U.S. foreign policy is in a state of drift that puts the United States at the risk of falling behind its rivals, says Eurasia Group President Ian Bremmer.
As Congress debates whether to grant President Obama authority to complete the most ambitious trade agenda in a generation, the most important organized voice for America’s workforce is once again in a familiar place — standing outside, screaming for lawmakers to stop.
Japanese Prime Minister Shinzo Abe addressed the U.S. Congress on April 29, 2015, in a speech titled "Toward an Alliance of Hope." He discussed U.S.-Japan relations after World War II, the U.S. rebalance to Asia, and trade initiatives like the Trans Pacific Partnership.
On April 23, 2015, Secretary of State John Kerry delivered remarks at the Atlantic Council's Conference on Trade and National Security. He discussed the Trade Priorities and Accountability Act of 2015 (TPA-2015) and why he supports the Trans Pacific Partnership and the Transatlantic Trade and Investment Partnership.
Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.) and House Ways and Means Chairman Paul Ryan (R-Wis.) introduced this legislation on April 16, 2015. The legislation allows the White House to continue pursuing trade deals such as the Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (T-TIP) and allows Congress to vote on the treaties.
As supporters of the Trans-Pacific Partnership try to round up backers, they increasingly emphasise the geopolitical case for concluding a deal. But too often they overstate the case—and, in doing so, generate real geopolitical risks of their own, while also jeopardising the agreement they seek.
The United States is currently pursuing two of the largest trade deals in history, one with Asia and the other with the European Union, but concerns persist over the effects of trade on employment, inequality, national sovereignty, and safety standards.
"The Trans-Pacific Partnership would help most Americans economically and serve the country's strategic aims, and deserves the support of Congress," write CFR President Richard N. Haass and former deputy Treasury secretary Roger C. Altman.
Chinese President Xi Jinping announced this initiative in 2013, which aims to connect countries along the original Silk Road and other maritime nations. The Asian Infrastructure Investment Bank will lend to countries working on these infrastructure and trade projects. On March 28, 2015, the China's Foreign Ministry released the first edition of the initiative's joint vision and actions.