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
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 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.
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