Executive Update

Trans Pacific Partnership Negotiation Continues to Make Steady Progress

Over the last five years, GMA and its member companies have worked to leverage the Trans Pacific Partnership (TPP) talks to address technical barriers to trade, safeguard GMA member company intellectual property rights, and eliminate non-science based sanitary and phyto-sanitary measures.

In the last few months, Canada and Mexico joined the TPP negotiation, bringing the current trading pact to 11 members. When this agreement is concluded, it will link the U.S., Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Mexico and Canada into a “free trade” zone similar to that of NAFTA. The idea behind this negotiation is to create a new kind of agreement that holds members to higher standards of behavior in their trade policy and practices, and that will be the envy of those not included in the final pact. Those that choose to gain entry into the TPP after its conclusion will be required to agree to the final text between the original signatories to garner admission.

Thus far, GMA has been successful in securing negotiating text that will advance our member company interests within the TBT, SPS and IP chapters of the current Trans Pacific Partnership Negotiation text.

Although the negotiation still has a long way to go, significant progress has been made over the last few months.