1、 www.crs.gov | 7-5700 November 19, 2014 Proposed Trans-Pacific Partnership (TPP) Overview What is it? The TPP is a potential “comprehensive and high-standard” free trade agreement (FTA) among 12 countries, most recently including Japan, which aims to liberalize trade in goods and services and remove
2、 barriers to foreign investment. The TPP negotiations cover a range of trade topics and include 29 separate sections or “chapters.” What is the current status? The negotiations remain ongoing. TPP Ministers and Leaders met on the sidelines of the recent APEC meetings in Beijing, November 7-11, but n
3、o agreement was reached, despite President Obamas suggestion of such an outcome earlier in the summer. TPP Leaders stated that finishing the negotiations is a top priority and Trade Ministers reported that the pace of negotiations has accelerated and outstanding issues are limited, but include state
4、-owned enterprises, environment, intellectual property, and investment, as well as market access talks with Japan, particularly on agriculture and autos. There is no public text of an agreement available at this time, but TPP Leaders released a broad outline of TPP goals on the sidelines of the 2011