Trans-Pacific Partnership

Challenges and Prospects

Presented By Group 2

APEC

Prospects
The region is of great economic significance to the world, with Some of the fastest growing economies That produce over 50% of the worlds GDP total Home to more than 40% of the world population

Numerous opportunities to the trading partners because of the expanding consumer markets, and high return on investment
TPP member states encompasses great diversity: different stages of economic development, natural resources and production focusses Mutually beneficial trade motives

Prospects
TPP could make a contribution to liberalizing trade in goods and services: By opening markets b/w those partners who do not yet have a bilateral deal between them in those limited areas in industrial or nonagricultural goods where trade liberalization has not yet occurred or has been limited by untangling the so-called Spaghetti Bowl of PTAs

Spaghetti Bowl

Challenges
USA dominance in TPP rules Exclusion of China Market Access, Rules of Origin, Tariff Schedule
to have a single schedule that would apply to all countries; to have each country prepare its own market access schedule following negotiations with others; or to combine the two options and have a uniform schedule for tariff reductions for non-sensitive products and separate schedules for sensitive ones.

Structure of PPP Lack of Transparency

Thank You