On Friday, Trans-Pacific Partnership (TPP) negotiators from the United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam continued talks for the 11th round of TPP in Melbourne, Australia. Today’s negotiations focused on horizontal issues, investment, technical barriers to trade, labor, intellectual property rights, rules of origin, and legal issues.
The negotiations began on Thursday, when negotiators covered a broad range of topics including horizontal issues such as investment, technical barriers to trade, labor, intellectual property rights, rules of origin, and legal issues.
The goal of the TPP is to create an ambitious, 21st-century agreement that will enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs. The Asia-Pacific region is home to some of the fastest growing economies in the world, and TPP will help open more markets to American businesses and exports.
Specifically, the TPP will feature new cross-cutting issues not previously included in trade agreements. In addition, the agreement focuses on integrating small- and medium-sized businesses more competitively to regional supply chains. Additional export opportunities for American businesses can help create more job opportunities for American workers, and will help grow the American economy.