Report

TPP on the Ropes, Part 1

posted by Richard Katz on September 05, 2016

Found in Japan, US, categorized in International Trade and Investment

Tags: Richard Katz TPP trade pact

Report Cover

Headline

As we have argued for some time, the economic impact of TPP on the US—for good or ill— is negligible. According to the US International Trade Commission (ITC), the TPP would raise US GDP by a barely visible 0.15%

Abstract

Key points included in this report are,
- TPP will not be voted on in lame duck session of Congress in November-December
If Clinton is elected, she is unlikely to revisit TPP in any form during first year or two in office, if ever
Without US ratification, TPP will die; TPP rules require ratification by at least six of the eleven TPP countries, representing at least 85% of TPP-wide GDP; that 85% target cannot be reached without ratification by both the US and Japan
Other countries are unwilling to reopen negotiations with the US, even in the form of so‑called “side-letters,” because, even then, no President can assure them Congress will not come back with even more demands

 

 

 

 

 

About Richard Katz

Richard Katz

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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