Monday, 13 July 2015

Trans-Pacific Partnership

Q180: When will negotiations on the Trans-Pacific Partnership successfully conclude?
Before the end of August: 20%
Between September 1st and December 31st: 15%
Not before the end of 2015: 65%
(To successfully conclude, the proposed deal needs to include at least the US and Japan. Canada does not need to be included.)

Negotiations on the Trans-Pacific Partnership, a proposed trade deal involving the US, Japan, Australia, Canada, and 8 other countries, are continuing.  The next meeting is scheduled for late July (see article here).  The US Congress recently granted Obama fast-track trade authority, which is seen as making an agreement more likely.  Negotiations have been going on since 2010.

I think that a deal may be reached before the end of the year, but it is less likely than not.  There still seem to be a lot of unresolved issues, and negotiations of this type can continue for a long time.  Having said that, it sounds like a deal will be reached relatively soon if one is reached at all.


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