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ECONOMY > Trade

“TPP 11” to discuss possible revision of 70 items

  • September 20, 2017
  • , Mainichi
  • JMH Summary

Mainichi reported on the planned opening in Tokyo tomorrow of a meeting of chief negotiators of the 11 TPP member states, predicting that they are likely to address some 70 items in total for possible revision, such as the agreed-upon rules of origin for textiles and copyright protection periods. Although Japan wants to “freeze” these points to facilitate the U.S.’s possible return to the regional free trade arrangement, other nations are eager to alter them given that in the run-up to the final TPP accord, they made major concessions on these fronts in the hope of having greater access to the U.S. market, which is now impossible due to its withdrawal. The paper added that Japan’s chairmanship in the Tokyo meeting will be tested given that the early effectuation of the trade liberalization deal may become elusive if the negotiations are prolonged due to internal divisions.  

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