Updated November 5, 2015 : White House releases text of Trans-Pacific Partnership trade deal
The release of the text will be followed by an “intent to sign” message to Congress from President Obama, allowing for a 90 days countdown before he can sign the deal, a rule that is part of the trade promotion authority (TPA) or “fast-track” legislation signed into law this summer. The text can be found here.
US | NZ Council Applauds Announcement of Successful Completion of Trans-Pacific Partnership (TPP)
Washington, DC—October 5, 2015–The United States | New Zealand Council welcomed today’s announcement of successful negotiation of the Trans-Pacific Partnership (TPP) accord.
US | New Zealand Council Chairman Edward Farrell released the following statement: “The United States, New Zealand, and their 10 partners in the region have today taken a vital step towards strengthening the global economy. Announcement of completion of the TPP negotiation sets the tone for future Trade Agreements by eliminating over 18,000 tariffs on U.S. products alone, and establishes a meaningful foundation for efforts to advance free trade. While we have not seen all the details, and some tough issues remain as the U.S. Congress considers the Agreement, this is a win for both the United States and New Zealand.”
We commend Ambassador Michael Froman and Minister Tim Groser for their leadership and vision as TPP will shape our economic and strategic relationships in the Asia-Pacific region long into the future.
The US | NZ Council calls on the U.S. Congress to expeditiously review and approve the pact and enable U.S. and NZ companies to succeed in these new markets.
About the United States | New Zealand Council
The US | NZ Council, which was established in 1985, is the only independent group dedicated exclusively to advancing shared business, strategic, and cultural interests between the United States and New Zealand and throughout the Asia Pacific region. The Council promotes mutual objectives in trade, investment, economic growth, and security; and provides thought leadership on important Asia Pacific regional matters. For information on the Council’s activities and issues: http://usnzcouncil.org/