We remain mystified how TPP could do this since it has so little impact on Japanese government regulations and those regulations are such a tiny part of the structural impediments to inward FDI.
- TPP, like other FTAs, is copied and pasted from past FTAs
- More text from past American FTAs was copied verbatim into TPP than text from any other country; Japan came in eighth
- US share was even higher in chapters where it had a high priority, e.g. nearly 80% of text on investment in past US FDI’s was lifted into TPP’s investment chapter
- Since TPP is intended to be the template for future FTAs and to incorporate more and more Pacific countries, including China, this gives US big leg up on others