Comprehensive and Progressive Agreement for Trans-Pacific Partnership

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Signatory

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership ( CPTPP ), a comprehensive and progressive agreement for a Trans-Pacific Partnership , also known as TPP11 , is a negotiated trade agreement between Australia , Brunei , and ratified by six contracting states since the end of October 2018 . Canada , Chile , Japan , Malaysia , Mexico , New Zealand , Peru , Singapore and Vietnam . These countries represent 13.4% (about $ 13.5 trillion) of world GDP ; Around 480 million people live in the new internal market.

General

The CPTPP was created in response to the United States' withdrawal from the Trans-Pacific Partnership (TPP) under Trump. It contains the essential TPP provisions, but overrides 22 regulations that were only approved by the United States and rejected by the other states. The TPP was signed on February 4, 2016, but did not come into force after the US withdrew.

All signatories of the TPP, with the exception of the USA, agreed to enter the negotiations in May 2017 and in January 2018 agreed to conclude the Comprehensive and Progressive Agreement for Trans-Pacific Partnership . The contract was signed on March 8, 2018 in Santiago, Chile.

On July 18, 2018, a sufficient number of countries had signed the agreement and it came into force.

Provisions

CPTPP will abolish or reduce numerous tariffs and facilitate market access for companies; the economies of the participating countries can thus integrate more closely. In the medium and long term, this should create value chains across borders.

About two thirds of the provisions are congruent with the state of the TPP, on which the US left the negotiations. The chapter on Public Enterprises (Engl. State owned enterprise , SOE ) is unchanged and obliges signatories, information about SOEs exchange among themselves to discuss issues of state intervention can be seen in the markets. In contrast to TPP, the options for companies to take legal action against governments are limited and regulations for the protection of intellectual property are somewhat scaled back.

In the CPTPP, 22 of a total of more than 1,000 regulations are initially suspended, particularly those relating to intellectual property. If the US does join later, the rules could come back into force.

CPTPP will abolish or reduce numerous tariffs. This will facilitate market access for companies and the economies of the participating countries will be able to integrate more closely. In the long term, this should create value chains across borders. In addition, the agreement regulates a number of labor law and environmental protection issues as well as conditions for public tenders.

negotiations

In the negotiation rounds at the meeting of the Asia-Pacific Economic Community in Vietnam in November 2017 , Canadian PM Justin Trudeau refused to sign, citing reservations about the regulations for culture and motor vehicles. The press in Australia, New Zealand and Japan criticized this as Canadian sabotage. Canada, on the other hand, saw the rights of the French-speaking minority in particular as insufficiently protected. More important for Canada, however, were different views on the vertical range of manufacture. For example, Japan voted for low quotas for parts made within the CPTPP, Canada expected higher. For TPP this was 45%, for NAFTA 62.5% below the CPTPP proposals. Canada announced its signature in January 2018, subject to side agreements with the other CPTPP members.

signing

The treaty sends an important signal against the protectionist pressure, said Chile's Foreign Minister Heraldo Muñoz at the signing ceremony. CPTPP stands for a world open to trade, without unilateral sanctions or threats of trade war.

Ratifications

So far, the agreement has been ratified by Mexico (April 2018), Japan and Singapore (July 2018), Australia, Canada and New Zealand (October 2018), and Vietnam (November 2018).

Potential future members

In January 2018, the United Kingdom expressed an interest in membership after Brexit in March 2019. On January 25, 2018, Donald Trump expressed an interest in a possible re-entry to the TPP if a much better deal in favor of the United States could be expected. On April 12, 2018, Donald Trump directed National Economic Council (United States) Director Larry Kudlow and United States Trade Representative Robert Lighthizer to consider re-entry into TPP. Japan would welcome a re-entry of the United States into the alliance. However, Trump is currently trying to achieve better conditions for his exporters in bilateral talks with the Japanese government.

In addition, Thailand and Colombia are likely to be among the first states with which admission negotiations are taking place. Thailand has already announced that it wants to join the alliance as soon as possible. In addition, Indonesia, South Korea and Taiwan are also showing interest.

Comparable agreements

CPTPP is comparable to bilateral and multilateral agreements such as the EU-Japan Free Trade Agreement (JEFTA), CETA and TTIP .

See also

Web links

Individual evidence

  1. ↑ Simon Benson: $ 13.7 trillion TPP pact to deliver boost in GDP . In: The Australian , January 25, 2018. Retrieved January 24, 2018. 
  2. ↑ Daniel Blanco: Se alcanza acuerdo en texto final del TPP11 (Spanish) . In: El Financiero , January 23, 2018. Retrieved January 24, 2018. 
  3. ^ TPP 2.0: The Deal Without the US . The diplomat. 3rd February 2018.
  4. ↑ CPTPP: Trans-Pacific Free Trade Agreement signed. In: zeit.de. Retrieved October 28, 2018 .
  5. ↑ a b The TPP Is Dead. Long Live The Trans-Pacific Trade Deal
  6. ^ Charles Riley: Trump's decision to kill TPP leaves door open for China . In: CNN , January 23, 2017. 
  7. ↑ Sri Jegarajah, Craig Dale, Leslie Shaffer: TPP nations agree to pursue trade deal without US . May 21, 2017.
  8. ↑ hermesauto: Saving the Trans-Pacific Partnership: What are the TPP's prospects after the US withdrawal? (en) . In: The Straits Times , May 21, 2017. 
  9. ↑ 11 nations to sign Pacific trade pact as US plans tariffs . nydailynews.com . March 8, 2018. Accessed March 9, 2018.
  10. ↑ Canada Reaches Comprehensive and Progressive Trans-Pacific Partnership Agreement . natlawreview.com . January 19, 2018. Retrieved March 9, 2018.
  11. ↑ a b c d CPTPP: Trans-Pacific Free Trade Agreement signed
  12. ↑ a b 'We weren't ready' to close deal: Trudeau defends Canada's actions on TPP . CBC News. November 11, 2017.
  13. ^ Canada reaches deal on revised Trans-Pacific Partnership . CBC News. 23rd January 2018.
  14. ↑ Mexico's senate ratifies sweeping Asia-Pacific trade deal . Retrieved May 9, 2018.
  15. ^ Japan becomes second country after Mexico to ratify TPP-11 trade deal . Retrieved July 18, 2018.
  16. ↑ Singapore ratifies new trans-pacific trade deal . Retrieved July 18, 2018.
  17. ↑ Julia Gregory: Britain exploring membership of the TPP to boost trade after Brexit. In: theguardian.com. February 14, 2018, accessed July 20, 2018 .
  18. ^ Jacob Pramuk: Trump: I would reconsider massive Pacific trade deal if it were 'substantially better'. In: cnbc.com. January 25, 2018, accessed July 20, 2018 .
  19. ↑ Trump to explore entering Pacific trade pact he once called 'a disaster'. In: thehill.com. April 12, 2018, accessed July 20, 2018 .
  20. ↑ Patrick Welter: Japan's push for more open markets. In: FAZ.net . Retrieved July 20, 2018 .
  21. ↑ Global Interest in TPP: Japan's Push for More Open Markets. In: FAZ.net. July 20, 2018. Retrieved July 20, 2018 .
  22. ↑ Florian Rauchfuß: About cheese, wine and cars, publications, regional program Social Policy in Asia (SOPAS) / Japan Office. In: kas.de. July 11, 2018, accessed July 20, 2018 .