Report

TPP on the Ropes, Part 4

posted by Richard Katz on September 12, 2016

Found in US, categorized in International Trade and Investment

Tags: Richard Katz TOE TPP

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Headline

Interestingly, TPP does not do very much for US exports either. By 2032, says the ITC, TPP will boost American exports to the other TPP partners by a piddling 0.2 percentage points of GDP.

Abstract

Key points included in this report are,
- Ryan tells GOP members of House Obama has run out of legal time to force TPP ratification vote this year
- Froman hosts breakfast of TPP Ambassadors and says US will not reopen settled issues
- US gave up little in market-opening in return for the concessions it demanded of others; ITC says TPP will boost America’s global exports by just 0.2% of GDP
- US could have lifted imports five times as much if it further opened government procurement, but it could not do so because Congress would have rejected the pact
- Imagine the resentment of others at both the way the US negotiated and now the notion that it will talk away from a pact it virtually wrote
- American state losing ability to corral special interests to compromise for the broader national interest 

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

View profile of Richard Katz

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