tpp fact sheet and summary

8/20/2019 TPP Fact Sheet and Summary

1/22

10/7/2015 FACT SHEET: How the Trans-Pacific Partnership (TPP) Boosts Made in America Exports, Supports Higher-Paying American Jobs, and Protects Ame

https://www.whitehouse.gov/the-press-office/2015/10/05/fact-sheet-how-trans-pacific-partnership-tpp-boosts-made-america-exports

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For Immediate Release October 05, 2015

The White House

Office of the Press Secretary

F Ǻ Č Ț Ș Ħ Ě Ě Ț : Ħ ǿ ẅ ț ħ ě Ț ř ǻ ň ș - P ǻ č į f į č

P ǻ ř ț ň ě ř ș ħ į p ( Ț P P ) B ǿ ǿ ș ț ș M ǻ đ ě į ň

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Ǻ m ě ř į č ǻ Ě x p ǿ ř ț ș , Ș ų p p ǿ ř ț ș Ħ į ģ ħ ě ř -

P ǻ ỳ į ň ģ Ǻ m ě ř į č ǻ ň J ǿ b ș , ǻ ň đ P ř ǿ ț ě č ț ș

Ǻ m ě ř į č ǻ ň Ẅ ǿ ř ķ ě ř ș

Țǿđǻỳ, țħě Ųňįțěđ Șțǻțěș řěǻčħěđ ǻģřěěměňț ẅįțħ įțș ěŀěvěň pǻřțňěř

čǿųňțřįěș, čǿňčŀųđįňģ ňěģǿțįǻțįǿňș ǿf țħě Țřǻňș-Pǻčįfįč Pǻřțňěřșħįp.

Țħě Țřǻňș-Pǻčįfįč Pǻřțňěřșħįp (ȚPP) įș ǻ ňěẅ, ħįģħ-șțǻňđǻřđ țřǻđě

ǻģřěěměňț țħǻț ŀěvěŀș țħě pŀǻỳįňģ fįěŀđ fǿř Ǻměřįčǻň ẅǿřķěřș ǻňđ

Ǻměřįčǻň bųșįňěșșěș, șųppǿřțįňģ mǿřě Mǻđě įň Ǻměřįčǻ ěxpǿřțș ǻňđ

ħįģħěř-pǻỳįňģ Ǻměřįčǻň jǿbș. Bỳ ěŀįmįňǻțįňģ ǿvěř 18,000 țǻxěș – įň țħě

fǿřm ǿf țǻřįffș – țħǻț vǻřįǿųș čǿųňțřįěș pųț ǿň Mǻđě įň Ǻměřįčǻ přǿđųčțș,

ȚPP mǻķěș șųřě ǿųř fǻřměřș, řǻňčħěřș, mǻňųfǻčțųřěřș, ǻňđ șmǻŀŀ

bųșįňěșșěș čǻň čǿmpěțě - ǻňđ ẅįň - įň șǿmě ǿf țħě fǻșțěșț-ģřǿẅįňģ

mǻřķěțș įň țħě ẅǿřŀđ. Ẅįțħ mǿřě țħǻň 95 pěřčěňț ǿf țħě ẅǿřŀđ'ș

čǿňșųměřș ŀįvįňģ ǿųțșįđě ǿųř bǿřđěřș, ȚPP ẅįŀŀ șįģňįfįčǻňțŀỳ ěxpǻňđ țħě

ěxpǿřț ǿf Mǻđě įň Ǻměřįčǻ ģǿǿđș ǻňđ șěřvįčěș ǻňđ șųppǿřț Ǻměřįčǻň

jǿbș.

ȚPP Ěŀįmįňǻțěș ǿvěř 18,000 Đįffěřěňț Țǻxěș ǿň Mǻđě įň Ǻměřįčǻ

Ěxpǿřțș

ȚPP ŀěvěŀș țħě pŀǻỳįňģ fįěŀđ fǿř Ǻměřįčǻň ẅǿřķěřș ǻňđ Ǻměřįčǻň

bųșįňěșșěș bỳ ěŀįmįňǻțįňģ ǿvěř 18,000 țǻxěș țħǻț vǻřįǿųș čǿųňțřįěș

įmpǿșě ǿň Mǻđě įň Ǻměřįčǻ ěxpǿřțș, přǿvįđįňģ ųňpřěčěđěňțěđ ǻččěșș țǿ

vįțǻŀ ňěẅ mǻřķěțș įň țħě Ǻșįǻ-Pǻčįfįč řěģįǿň fǿř Ų.Ș. ẅǿřķěřș, bųșįňěșșěș,

fǻřměřș, ǻňđ řǻňčħěřș. Fǿř ěxǻmpŀě, ȚPP ẅįŀŀ ěŀįmįňǻțě ǻňđ řěđųčě įmpǿřț

țǻxěș – ǿř țǻřįffș – ǿň țħě fǿŀŀǿẅįňģ Mǻđě įň Ǻměřįčǻ ěxpǿřțș țǿ ȚPP

čǿųňțřįěș:

Ų.Ș. mǻňųfǻčțųřěđ přǿđųčțș: ȚPP ěŀįmįňǻțěș įmpǿřț țǻxěș ǿň ěvěřỳ

Mǻđě įň Ǻměřįčǻ mǻňųfǻčțųřěđ přǿđųčț țħǻț țħě Ų.Ș. ěxpǿřțș țǿ ȚPP

čǿųňțřįěș. Fǿř ěxǻmpŀě, ȚPP ěŀįmįňǻțěș įmpǿřț țǻxěș ǻș ħįģħ ǻș 59

pěřčěňț ǿň Ų.Ș. mǻčħįňěřỳ přǿđųčțș ěxpǿřțș țǿ ȚPP čǿųňțřįěș. İň 2014,

țħě Ų.Ș. ěxpǿřțěđ $56 bįŀŀįǿň įň mǻčħįňěřỳ přǿđųčțș țǿ ȚPP čǿųňțřįěș.

Ų.Ș. ǻģřįčųŀțųřě přǿđųčțș: ȚPP čųțș įmpǿřț țǻxěș ǿň Mǻđě įň Ǻměřįčǻ


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ǻģřįčųŀțųřǻŀ ěxpǿřțș țǿ ȚPP čǿųňțřįěș. Ķěỳ țǻx čųțș įň țħě ǻģřěěměňț ẅįŀŀ

ħěŀp Ǻměřįčǻň fǻřměřș ǻňđ řǻňčħěřș bỳ ěxpǻňđįňģ țħěįř ěxpǿřțș, ẅħįčħ

přǿvįđě řǿųģħŀỳ 20 pěřčěňț ǿf ǻŀŀ fǻřm įňčǿmě įň țħě Ųňįțěđ Șțǻțěș. Fǿř

ěxǻmpŀě, ȚPP ẅįŀŀ ěŀįmįňǻțě įmpǿřț țǻxěș ǻș ħįģħ ǻș 40 pěřčěňț ǿň Ų.Ș.

pǿųŀțřỳ přǿđųčțș, 35 pěřčěňț ǿň șǿỳběǻňș, ǻňđ 40 pěřčěňț ǿň fřųįț

ěxpǿřțș. Ǻđđįțįǿňǻŀŀỳ, ȚPP ẅįŀŀ ħěŀp Ǻměřįčǻň fǻřměřș ǻňđ řǻňčħěřș

čǿmpěțě bỳ țǻčķŀįňģ ǻ řǻňģě ǿf bǻřřįěřș țħěỳ fǻčě ǻbřǿǻđ, įňčŀųđįňģěňșųřįňģ țħǻț fǿřěįģň řěģųŀǻțįǿňș ǻňđ ǻģřįčųŀțųřǻŀ įňșpěčțįǿňș ǻřě bǻșěđ

ǿň șčįěňčě, ěŀįmįňǻțįňģ ǻģřįčųŀțųřǻŀ ěxpǿřț șųbșįđįěș, ǻňđ mįňįmįżįňģ

ųňpřěđįčțǻbŀě ěxpǿřț bǻňș.

Ų.Ș. ǻųțǿmǿțįvě přǿđųčțș: ȚPP ěŀįmįňǻțěș įmpǿřț țǻxěș ǻș ħįģħ ǻș 70

pěřčěňț ǿň Ų.Ș. ǻųțǿmǿțįvě přǿđųčțș ěxpǿřțș țǿ ȚPP čǿųňțřįěș. İň 2014,

țħě Ų.Ș. ěxpǿřțěđ $89 bįŀŀįǿň įň ǻųțǿmǿțįvě přǿđųčțș țǿ ȚPP čǿųňțřįěș.

Ų.Ș. įňfǿřmǻțįǿň ǻňđ čǿmmųňįčǻțįǿň țěčħňǿŀǿģỳ přǿđųčțș: ȚPP

ěŀįmįňǻțěș įmpǿřț țǻxěș ǻș ħįģħ ǻș 35 pěřčěňț ǿň Ų.Ș. įňfǿřmǻțįǿň ǻňđčǿmmųňįčǻțįǿň țěčħňǿŀǿģỳ ěxpǿřțș țǿ ȚPP čǿųňțřįěș. İň 2014, țħě Ų.Ș.

ěxpǿřțěđ $36 bįŀŀįǿň įň įňfǿřmǻțįǿň ǻňđ čǿmmųňįčǻțįǿň țěčħňǿŀǿģỳ

přǿđųčțș țǿ ȚPP čǿųňțřįěș.

ȚPP İňčŀųđěș țħě Șțřǿňģěșț Ẅǿřķěř Přǿțěčțįǿňș ǿf Ǻňỳ Țřǻđě

Ǻģřěěměňț įň Ħįșțǿřỳ

ȚPP pųțș Ǻměřįčǻň ẅǿřķěřș fįřșț bỳ ěșțǻbŀįșħįňģ țħě ħįģħěșț ŀǻbǿřșțǻňđǻřđș ǿf ǻňỳ țřǻđě ǻģřěěměňț įň ħįșțǿřỳ, řěqųįřįňģ ǻŀŀ čǿųňțřįěș țǿ

měěț čǿřě, ěňfǿřčěǻbŀě ŀǻbǿř șțǻňđǻřđș ǻș șțǻțěđ įň țħě İňțěřňǻțįǿňǻŀ

Ŀǻbǿř Ǿřģǻňįżǻțįǿň’ș (İĿǾ) Đěčŀǻřǻțįǿň ǿň Fųňđǻměňțǻŀ Přįňčįpŀěș ǻňđ

Řįģħțș ǻț Ẅǿřķ.

Țħě fųŀŀỳ-ěňfǿřčěǻbŀě ŀǻbǿř șțǻňđǻřđș ẅě ħǻvě ẅǿň įň ȚPP įňčŀųđě țħě

fřěěđǿm țǿ fǿřm ųňįǿňș ǻňđ bǻřģǻįň čǿŀŀěčțįvěŀỳ; přǿħįbįțįǿňș ǻģǻįňșț

čħįŀđ ŀǻbǿř ǻňđ fǿřčěđ ŀǻbǿř; řěqųįřěměňțș fǿř ǻččěpțǻbŀě čǿňđįțįǿňș ǿfẅǿřķ șųčħ ǻș mįňįmųm ẅǻģě, ħǿųřș ǿf ẅǿřķ, ǻňđ șǻfě ẅǿřķpŀǻčě

čǿňđįțįǿňș; ǻňđ přǿțěčțįǿňș ǻģǻįňșț ěmpŀǿỳměňț đįșčřįmįňǻțįǿň. Țħěșě

ěňfǿřčěǻbŀě řěqųįřěměňțș ẅįŀŀ ħěŀp ǿųř ẅǿřķěřș čǿmpěțě fǻįřŀỳ ǻňđ

řěvěřșě ǻ șțǻțųș qųǿ țħǻț đįșǻđvǻňțǻģěș ǿųř ẅǿřķěřș țħřǿųģħ ǻ řǻčě țǿ țħě

bǿțțǿm ǿň įňțěřňǻțįǿňǻŀ ŀǻbǿř șțǻňđǻřđș.

İň fǻčț, ȚPP ẅįŀŀ řěșųŀț įň țħě ŀǻřģěșț ěxpǻňșįǿň ǿf fųŀŀỳ-ěňfǿřčěǻbŀě ŀǻbǿř


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řįģħțș įň ħįșțǿřỳ, įňčŀųđįňģ řěňěģǿțįǻțįňģ ŇǺFȚǺ ǻňđ břįňģįňģ ħųňđřěđș ǿf

mįŀŀįǿňș ǿf ǻđđįțįǿňǻŀ pěǿpŀě ųňđěř İĿǾ șțǻňđǻřđș – ŀěvěŀįňģ țħě pŀǻỳįňģ

fįěŀđ fǿř Ǻměřįčǻň ẅǿřķěřș șǿ țħǻț țħěỳ čǻň ẅįň įň țħě ģŀǿbǻŀ ěčǿňǿmỳ.

ȚPP İňčŀųđěș țħě Șțřǿňģěșț Ěňvįřǿňměňțǻŀ Přǿțěčțįǿňș ǿf Ǻňỳ Țřǻđě

Ǻģřěěměňț įň Ħįșțǿřỳ

ȚPP įňčŀųđěș țħě ħįģħěșț ěňvįřǿňměňțǻŀ șțǻňđǻřđș ǿf ǻňỳ țřǻđě

ǻģřěěměňț įň ħįșțǿřỳ. Țħě ǻģřěěměňț ųpģřǻđěș ŇǺFȚǺ, pųțțįňģ

ěňvįřǿňměňțǻŀ přǿțěčțįǿňș ǻț țħě čǿřě ǿf țħě ǻģřěěměňț, ǻňđ mǻķįňģ

țħǿșě ǿbŀįģǻțįǿňș fųŀŀỳ ěňfǿřčěǻbŀě țħřǿųģħ țħě șǻmě țỳpě ǿf đįșpųțě

șěțțŀěměňț ǻș ǿțħěř ǿbŀįģǻțįǿňș.

ȚPP řěqųįřěș ǻŀŀ měmběřș țǿ čǿmbǻț ẅįŀđŀįfě țřǻffįčķįňģ, įŀŀěģǻŀ ŀǿģģįňģ,

ǻňđ įŀŀěģǻŀ fįșħįňģ, ǻș ẅěŀŀ ǻș přǿħįbįț șǿmě ǿf țħě mǿșț ħǻřmfųŀ fįșħěřỳ

șųbșįđįěș ǻňđ přǿmǿțě șųșțǻįňǻbŀě fįșħěřįěș mǻňǻģěměňț přǻčțįčěș. ȚPPǻŀșǿ řěqųįřěș țħǻț țħě 12 čǿųňțřįěș přǿmǿțě ŀǿňģ-țěřm čǿňșěřvǻțįǿň ǿf

ẅħǻŀěș, đǿŀpħįňș, șħǻřķș, șěǻ țųřțŀěș, ǻňđ ǿțħěř mǻřįňě șpěčįěș, ǻș ẅěŀŀ ǻș

țǿ přǿțěčț ǻňđ čǿňșěřvě įčǿňįč șpěčįěș ŀįķě řħįňǿș ǻňđ ěŀěpħǻňțș. Ǻňđ ȚPP

čřǻčķș đǿẅň ǿň ǿżǿňě-đěpŀěțįňģ șųbșțǻňčěș ǻș ẅěŀŀ ǻș șħįp pǿŀŀųțįǿň ǿf

țħě ǿčěǻňș, ǻŀŀ ẅħįŀě přǿmǿțįňģ čǿǿpěřǻțįvě ěffǿřțș țǿ ǻđđřěșș ěňěřģỳ

ěffįčįěňčỳ.

ȚPP Ħěŀpș Șmǻŀŀ Bųșįňěșșěș Běňěfįț fřǿm Ģŀǿbǻŀ Țřǻđě

Fǿř țħě fįřșț țįmě įň ǻňỳ țřǻđě ǻģřěěměňț, ȚPP įňčŀųđěș ǻ čħǻpțěř

șpěčįfįčǻŀŀỳ đěđįčǻțěđ țǿ ħěŀpįňģ șmǻŀŀ- ǻňđ měđįųm-șįżěđ bųșįňěșșěș

běňěfįț fřǿm țřǻđě. Șmǻŀŀ bųșįňěșșěș ǻřě ǿňě ǿf țħě přįmǻřỳ đřįvěřș ǿf jǿb

ģřǿẅțħ įň țħě Ų.Ș., bųț țǿǿ ǿfțěň țřǻđě bǻřřįěřș ŀǿčķ șmǻŀŀ bųșįňěșșěș ǿųț

ǿf įmpǿřțǻňț fǿřěįģň mǻřķěțș ẅħěň țħěỳ țřỳ țǿ ěxpǿřț țħěįř Mǻđě įň

Ǻměřįčǻ ģǿǿđș. Ẅħįŀě 98 pěřčěňț ǿf țħě Ǻměřįčǻň čǿmpǻňįěș țħǻț ěxpǿřț

ǻřě șmǻŀŀ ǻňđ měđįųm-șįżěđ bųșįňěșșěș, ŀěșș țħǻň 5 pěřčěňț ǿf ǻŀŀ

Ǻměřįčǻň șmǻŀŀ bųșįňěșșěș ěxpǿřț. Țħǻț měǻňș țħěřě’ș ħųģě ųňțǻppěđ

pǿțěňțįǻŀ fǿř șmǻŀŀ bųșįňěșșěș țǿ ěxpǻňđ țħěįř bųșįňěșșěș bỳ ěxpǿřțįňģ

mǿřě țǿ țħě 95 pěřčěňț ǿf ģŀǿbǻŀ čǿňșųměřș ẅħǿ ŀįvě ǿųțșįđě ǿųř bǿřđěřș.

ȚPP ǻđđřěșșěș țřǻđě bǻřřįěřș țħǻț pǿșě đįșpřǿpǿřțįǿňǻțě čħǻŀŀěňģěș țǿ

șmǻŀŀ bųșįňěșșěș, șųčħ ǻș ħįģħ țǻxěș, ǿvěřŀỳ čǿmpŀěx țřǻđě pǻpěřẅǿřķ,

čǿřřųpțįǿň, čųșțǿmș “řěđ țǻpě,” řěșțřįčțįǿňș ǿň İňțěřňěț đǻțǻ fŀǿẅș, ẅěǻķ

ŀǿģįșțįčș șěřvįčěș țħǻț řǻįșě čǿșțș, ǻňđ șŀǿẅ đěŀįvěřỳ ǿf șmǻŀŀ șħįpměňțș.


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ȚPP mǻķěș įț čħěǻpěř, ěǻșįěř, ǻňđ fǻșțěř fǿř Ǻměřįčǻň șmǻŀŀ bųșįňěșșěș țǿ

ģěț țħěįř přǿđųčțș țǿ mǻřķěț bỳ čřěǻțįňģ ěffįčįěňț ǻňđ țřǻňșpǻřěňț

přǿčěđųřěș țħǻț mǿvě ģǿǿđș qųįčķŀỳ ǻčřǿșș bǿřđěřș.

ȚPP Přǿmǿțěș Ě-Čǿmměřčě, Přǿțěčțș Đįģįțǻŀ Fřěěđǿm, ǻňđ Přěșěřvěș

ǻň Ǿpěň İňțěřňěț

ȚPP įňčŀųđěș čųțțįňģ-ěđģě řųŀěș țǿ přǿmǿțě İňțěřňěț-bǻșěđ čǿmměřčě –

ǻ čěňțřǻŀ ǻřěǻ ǿf Ǻměřįčǻň ŀěǻđěřșħįp, ǻňđ ǿňě ǿf țħě ẅǿřŀđ’ș ģřěǻț

ǿppǿřțųňįțįěș fǿř ģřǿẅțħ. Țħě ǻģřěěměňț ǻŀșǿ įňčŀųđěș șțřǿňģ řųŀěș țħǻț

mǻķě șųřě țħě běșț įňňǿvǻțįǿň, ňǿț țřǻđě bǻřřįěřș ǻňđ čěňșǿřșħįp ŀǻẅș,

șħǻpěș ħǿẅ đįģįțǻŀ mǻřķěțș ģřǿẅ. ȚPP ħěŀpș přěșěřvě țħě șįňģŀě, ģŀǿbǻŀ,

đįģįțǻŀ mǻřķěțpŀǻčě.

ȚPP đǿěș țħįș bỳ přěșěřvįňģ fřěě įňțěřňǻțįǿňǻŀ mǿvěměňț ǿf đǻțǻ, ěňșųřįňģ

țħǻț įňđįvįđųǻŀș, șmǻŀŀ bųșįňěșșěș, ǻňđ fǻmįŀįěș įň ǻŀŀ ȚPP čǿųňțřįěș čǻňțǻķě ǻđvǻňțǻģě ǿf ǿňŀįňě șħǿppįňģ, čǿmmųňįčǻțě ěffįčįěňțŀỳ ǻț ŀǿẅ čǿșț,

ǻňđ ǻččěșș, mǿvě, ǻňđ șțǿřě đǻțǻ fřěěŀỳ. ȚPP ǻŀșǿ bǻňș “fǿřčěđ

ŀǿčǻŀįżǻțįǿň” - țħě đįșčřįmįňǻțǿřỳ řěqųįřěměňț țħǻț čěřțǻįň ģǿvěřňměňțș

įmpǿșě ǿň Ų.Ș. bųșįňěșșěș țħǻț țħěỳ pŀǻčě țħěįř đǻțǻ, șěřvěřș, řěșěǻřčħ

fǻčįŀįțįěș, ǻňđ ǿțħěř ňěčěșșįțįěș ǿvěřșěǻș įň ǿřđěř țǿ ǻččěșș țħǿșě

mǻřķěțș.

ȚPP įňčŀųđěș șțǻňđǻřđș țǿ přǿțěčț đįģįțǻŀ fřěěđǿm, įňčŀųđįňģ țħě fřěě fŀǿẅǿf įňfǿřmǻțįǿň ǻčřǿșș bǿřđěřș - ěňșųřįňģ țħǻț İňțěřňěț ųșěřș čǻň șțǿřě,

ǻččěșș, ǻňđ mǿvě țħěįř đǻțǻ fřěěŀỳ, șųbjěčț țǿ pųbŀįč-įňțěřěșț řěģųŀǻțįǿň,

fǿř ěxǻmpŀě țǿ fįģħț șpǻmmįňģ ǻňđ čỳběř-čřįmě.

ȚPP Ŀěvěŀș țħě Pŀǻỳįňģ Fįěŀđ fǿř Ų.Ș. Ẅǿřķěřș bỳ Đįșčįpŀįňįňģ Șțǻțě-

Ǿẅňěđ Ěňțěřpřįșěș (ȘǾĚș)

ȚPP přǿțěčțș Ǻměřįčǻň ẅǿřķěřș ǻňđ bųșįňěșșěș fřǿm ųňfǻįř

čǿmpěțįțįǿň bỳ Șțǻțě-ǿẅňěđ čǿmpǻňįěș įň ǿțħěř čǿųňțřįěș, ẅħǿ ǻřě

ǿfțěň ģįvěň přěfěřěňțįǻŀ țřěǻțměňț țħǻț ǻŀŀǿẅș țħěm țǿ ųňđěřčųț Ų.Ș.

čǿmpěțįțǿřș. Țħįș įňčŀųđěș țħě fįřșț-ěvěř đįșčįpŀįňěș țǿ ěňșųřě țħǻț ȘǾĚș

čǿmpěțě ǿň ǻ čǿmměřčįǻŀ bǻșįș ǻňđ țħǻț țħě ǻđvǻňțǻģěș ȘǾĚș řěčěįvě

fřǿm țħěįř ģǿvěřňměňțș, șųčħ ǻș ųňfǻįř șųbșįđįěș, đǿ ňǿț ħǻvě ǻň ǻđvěřșě

įmpǻčț ǿň Ǻměřįčǻň ẅǿřķěřș ǻňđ bųșįňěșșěș.

ȚPP Přįǿřįțįżěș Ģǿǿđ Ģǿvěřňǻňčě ǻňđ Fįģħțįňģ Čǿřřųpțįǿň


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ȚPP įňčŀųđěș țħě șțřǿňģěșț șțǻňđǻřđș fǿř țřǻňșpǻřěňčỳ ǻňđ

ǻňțįčǿřřųpțįǿň ǿf ǻňỳ țřǻđě ǻģřěěměňț įň ħįșțǿřỳ. Ǻș șųčħ, ȚPP

șțřěňģțħěňș ģǿǿđ ģǿvěřňǻňčě įň ȚPP čǿųňțřįěș bỳ řěqųįřįňģ țħěm țǿ řǻțįfỳ

ǿř ǻččěđě țǿ țħě Ų.Ň. Čǿňvěňțįǿň Ǻģǻįňșț Čǿřřųpțįǿň (ŲŇČǺČ), čǿmmįț țǿ

ǻđǿpț ǿř mǻįňțǻįň ŀǻẅș țħǻț čřįmįňǻŀįżě břįbįňģ pųbŀįč ǿffįčįǻŀș, ǻđǿpț

měǻșųřěș țǿ đěčřěǻșě čǿňfŀįčțș ǿf įňțěřěșț, čǿmmįț țǿ ěffěčțįvěŀỳ ěňfǿřčě

ǻňțįčǿřřųpțįǿň ŀǻẅș ǻňđ řěģųŀǻțįǿňș, ǻňđ ģįvě čįțįżěňș țħě ǿppǿřțųňįțỳ țǿpřǿvįđě įňpųț ǿň ǻňỳ přǿpǿșěđ měǻșųřěș řěŀǻțįňģ țǿ įșșųěș čǿvěřěđ bỳ țħě

ȚPP ǻģřěěměňț. ȚPP ǻŀșǿ řěqųįřěș řěģųŀǻțǿřỳ țřǻňșpǻřěňčỳ pǿŀįčįěș bǻșěđ

ǿň șțǻňđǻřđ Ų.Ș. přǻčțįčě.

ȚPP İňčŀųđěș Fįřșț Ěvěř Đěvěŀǿpměňț Čħǻpțěř

Fǿř țħě fįřșț țįmě įň ǻňỳ Ų.Ș. țřǻđě ǻģřěěměňț, ȚPP įňčŀųđěș șțǻňđ-ǻŀǿňě

čħǻpțěřș đěđįčǻțěđ țǿ đěvěŀǿpměňț ǻňđ čǻpǻčįțỳ-bųįŀđįňģ, ǻș ẅěŀŀ ǻș ǻ

ẅįđě řǻňģě ǿf čǿmmįțměňțș țǿ přǿmǿțě șųșțǻįňǻbŀě đěvěŀǿpměňț ǻňđ

įňčŀųșįvě ěčǿňǿmįč ģřǿẅțħ, řěđųčě pǿvěřțỳ, přǿmǿțě fǿǿđ șěčųřįțỳ, ǻňđ

čǿmbǻț čħįŀđ ǻňđ fǿřčěđ ŀǻbǿř.

ȚPP Čǻpįțǻŀįżěș ǿň Ǻměřįčǻ’ș Pǿșįțįǿň ǻș țħě Ẅǿřŀđ Ŀěǻđěř įň Șěřvįčěș

Ěxpǿřțș

ȚPP ŀįfțș čǿmpŀěx řěșțřįčțįǿňș ǻňđ bǻňș ǿň ǻččěșș fǿř Ų.Ș. bųșįňěșșěș –

įňčŀųđįňģ mǻňỳ șmǻŀŀ bųșįňěșșěș – țħǻț ěxpǿřț Ǻměřįčǻň șěřvįčěș ŀįķěřěțǻįŀ, čǿmmųňįčǻțįǿňș, ŀǿģįșțįčș, ěňțěřțǻįňměňț, șǿfțẅǻřě ǻňđ mǿřě. Țħįș

įmpřǿvěđ ǻččěșș ẅįŀŀ ųňŀǿčķ ňěẅ ěčǿňǿmįč ǿppǿřțųňįțįěș fǿř țħě Ų.Ș.

șěřvįčěș įňđųșțřỳ, ẅħįčħ čųřřěňțŀỳ ěmpŀǿỳș ǻbǿųț 4 ǿųț ǿf ěvěřỳ 5

Ǻměřįčǻň ẅǿřķěřș.

Ŀěǻřň mǿřě ǻbǿųț țħě đěǻŀ ǻňđ șħǻřě įț:

THE TRADE PAGE RETWEET @WHITEHOUSE ON TWITTER

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1600 PENN

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Resource Center

United States and Taiwan Deepen Dialogue on Trade and Investment Priorities (/about-us/policy-offices/press-office/press-

releases/2015/october/united-states-and-taiwan-deepen)

Summary of the Trans-Pacific Partnership Agreement (/about-us/policy-offices/press-office/press-

releases/2015/october/summary-trans-pacific-partnership)

Trans-Pacific Partnership Ministers’ Statement (/about-us/policy-offices/press-office/press-releases/2015/october/trans-p

partnership-ministers)

ome (/) / About Us (/about-us) / Policy Offices (/about-us/policy-offices) / Press Office (/about-us/policy-offices/press-office) / P

eleases (/about-us/policy-offices/press-office/press-releases) / 2015 (/about-us/policy-offices/press-office/press-releases/201

ctober (/about-us/policy-offices/press-office/press-releases/2015/october)

ummary of the Trans-Pacific Partnership Agreement

n October 4, 2015, Ministers of the 12 Trans-Pacic Partnership (TPP) countries – Australia, Brunei Darussalam, Canada, Chile,

pan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam – announced conclusion of their negotiations

sult is a high-standard, ambitious, comprehensive, and balanced agreement that will promote economic growth; support the cre

d retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countrie

d promote transparency, good governance, and enhanced labor and environmental protections. We envision conclusion of this

reement, with its new and high standards for trade and investment in the Asia Pacic, as an important step toward our ultimate

open trade and regional integration across the region.

FEATURES

ve dening features make the Trans-Pacic Partnership a landmark 21st-century agreement, setting a new standard for global tr

hile taking up next-generation issues. These features include:

Comprehensive market access. The TPP eliminates or reduces tariff and non-tariff barriers across substantially all trade in goo

and services and covers the full spectrum of trade, including goods and services trade and investment, so as to create new

opportunities and benefits for our businesses, workers, and consumers.

Regional approach to commitments. The TPP facilitates the development of production and supply chains, and seamless trade

enhancing efficiency and supporting our goal of creating and supporting jobs, raising living standards, enhancing conservation

efforts, and facilitating cross-border integration, as well as opening domestic markets.

Addressing new trade challenges. The TPP promotes innovation, productivity, and competitiveness by addressing new issues,

including the development of the digital economy, and the role of state-owned enterprises in the global economy.

(/)

October (about-us/policy-offices/press-office/press-releases/2015/october)

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/octoberhttps://ustr.gov/about-us/policy-offices/press-office/press-releaseshttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2015https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/summary-trans-pacific-partnershiphttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/summary-trans-pacific-partnershiphttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/united-states-and-taiwan-deepenhttps://ustr.gov/https://ustr.gov/https://ustr.gov/https://ustr.gov/https://ustr.gov/https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/about-us/policy-offices/press-office/press-releases/2015/octoberhttps://ustr.gov/https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/octoberhttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2015https://ustr.gov/about-us/policy-offices/press-office/press-releaseshttps://ustr.gov/about-us/policy-offices/press-officehttps://ustr.gov/about-us/policy-officeshttps://ustr.gov/about-ushttps://ustr.gov/https://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/trans-pacific-partnership-ministershttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/summary-trans-pacific-partnershiphttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2015/october/united-states-and-taiwan-deepen


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PP Parties. The specic tariff cuts agreed by the TPP Parties are included in schedules covering all goods. The TPP Parties will

ublish all tariffs and other information related to goods trade to ensure that small- and medium-sized businesses as well as large

mpanies can take advantage of the TPP. They also agree not to use performance requirements, which are conditions such as loc

oduction requirements that some countries impose on companies in order for them to obtain tariff benets. In addition, they ag

ot to impose WTO-inconsistent import and export restrictions and duties, including on remanufactured goods – which will prom

cycling of parts into new products. If TPP Parties maintain import or export license requirements, they will notify each other ab

e procedures so as to increase transparency and facilitate trade ows.

n agricultural products, the Parties will eliminate or reduce tariffs and other restrictive policies, which will increase agricultural t

the region, and enhance food security. In addition to eliminating or reducing tariffs, TPP Parties agree to promote policy reform

cluding by eliminating agricultural export subsidies, working together in the WTO to develop disciplines on export state trading

terprises, export credits, and limiting the timeframes allowed for restrictions on food exports so as to provide greater food secu

the region. The TPP Parties have also agreed to increased transparency and cooperation on certain activities related to agricult

otechnology.

Textiles and Apparel

he TPP Parties agree to eliminate tariffs on textiles and apparel, industries which are important contributors to economic growth

veral TPP Parties’ markets. Most tariffs will be eliminated immediately, although tariffs on some sensitive products will be

minated over longer timeframes as agreed by the TPP Parties. The chapter also includes specic rules of origin that require use

rns and fabrics from the TPP region, which will promote regional supply chains and investment in this sector, with a “short suppl

t” mechanism that allows use of certain yarns and fabrics not widely available in the region. In addition, the chapter includes

mmitments on customs cooperation and enforcement to prevent duty evasion, smuggling and fraud, as well as a textile-specic

ecial safeguard to respond to serious damage or the threat of serious damage to domestic industry in the event of a sudden surg

ports.

Rules of Origin

provide simple rules of origin, promote regional supply chains, and help ensure the TPP countries rather than non-participants

e primary beneciaries of the Agreement, the 12 Parties have agreed on a single set of rules of origin that dene whether a part

od is “originating” and therefore eligible to receive TPP preferential tariff benets. The product-specic rules of origin are attac

the text of the Agreement. The TPP provides for “accumulation,” so that in general, inputs from one TPP Party are treated the s

materials from any other TPP Party, if used to produce a product in any TPP Party. The TPP Parties also have set rules that ensu

usinesses can easily operate across the TPP region, by creating a common TPP-wide system of showing and verifying that goods

the TPP meet the rules of origin. Importers will be able to claim preferential tariff treatment as long as they have the document

support their claim. In addition, the chapter provides the competent authorities with the procedures to verify claims appropria

Customs Administration and Trade Facilitation

omplementing their WTO efforts to facilitate trade, the TPP Parties have agreed on rules to enhance the facilitation of trade, im

ansparency in customs procedures, and ensure integrity in customs administration. These rules will help TPP businesses, includ

mall- and medium-sized businesses, by encouraging smooth processing in customs and border procedures, and promote regional


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pply chains. TPP Parties have agreed to transparent rules, including publishing their customs laws and regulations, as well as

oviding for release of goods without unnecessary delay and on bond or ‘payment under protest’ where customs has not yet mad

ecision on the amount of duties or fees owed. They agree to advance rulings on customs valuation and other matters that will he

usinesses, both large and small, trade with predictability. They also agree to disciplines on customs penalties that will help ensur

ese penalties are administered in an impartial and transparent manner. Due to the importance of express shipping to business

ctors including small- and medium-sized companies, the TPP countries have agreed to provide expedited customs procedures fo

press shipments. To help counter smuggling and duty evasion, the TPP Parties agree to provide information, when requested, to

ch other enforce their respective customs laws.

Sanitary and Phytosanitary SPS) Measures

developing SPS rules, the TPP Parties have advanced their shared interest in ensuring transparent, non-discriminatory rules bas

n science, and reafrmed their right to protect human, animal or plant life or health in their countries. The TPP builds on WTO S

les for identifying and managing risks in a manner that is no more trade restrictive than necessary. TPP Parties agree to allow th

ublic to comment on proposed SPS measures to inform their decision-making, and to ensure traders understand the rules they w

eed to follow. They agree that import programmes are based on the risks associated with importations, and that import checks a

rried out without undue delay. The Parties also agree that emergency measures necessary for the protection of human, animal, ant life or health may be taken provided that the Party taking them noties all other Parties. The Party adopting an emergency

easure will review the scientic basis of that measure within six months and make available the results of these reviews to any P

n request. In addition, TPP Parties commit to improve information exchange related to equivalency or regionalisation requests a

omote systems-based audits to assess the effectiveness of regulatory controls of the exporting Party. In an effort to rapidly res

PS matters that emerge between them, they have agreed to establish a mechanism for consultations between governments.

echnical Barriers to Trade TBT)

developing TBT rules, the TPP Parties have agreed on transparent, non-discriminatory rules for developing technical regulation

andards and conformity assessment procedures, while preserving TPP Parties’ ability to fulll legitimate objectives. They agree

operate to ensure that technical regulations and standards do not create unnecessary barriers to trade. To reduce costs for TPP

usinesses, especially small businesses, TPP Parties agree to rules that will facilitate the acceptance of the results of conformity

sessment procedures from the conformity assessment bodies in the other TPP Parties, making it easier for companies to access

arkets. Under the TPP, Parties are required to allow for the public to comment on proposed technical regulations, standards, an

nformity assessment procedures to inform their regulatory processes and to ensure traders understand the rules they will need

llow. They also will ensure a reasonable interval between publication of technical regulations and conformity assessment

ocedures, and their entry into force, so that businesses have sufcient time to meet the new requirements. In addition, the TPP

cludes annexes related to regulation of specic sectors to promote common regulatory approaches across the TPP region. Thes

ctors are cosmetics, medical devices, pharmaceuticals, information and communications technology products, wine and distilled

irits, proprietary formulas for prepackaged foods and food additives, and organic agricultural products.


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he Trade Remedies chapter promotes transparency and due process in trade remedy proceedings through recognition of best

actices, but does not affect the TPP Parties’ rights and obligations under the WTO. The chapter provides for a transitional safeg

echanism, which allows a Party to apply a transitional safeguard measure during a certain period of time if import increases as a

sult of the tariff cuts implemented under the TPP cause serious injury to a domestic industry. These measures may be maintaine

p to two years, with a one-year extension, but must be progressively liberalized if they last longer than a year. Parties imposing

feguard measures must follow notication and consultation requirements. The chapter also sets out rules requiring that a TPP

plying a transitional safeguard measure provide mutually-agreed compensation. The Parties may not impose more than one of

feguards allowed under TPP on the same product at the same time. The Parties may not impose a transitional safeguard measur

y product imported under a TPP tariff rate quota, and may exclude TPP products from a WTO safeguard measure if such import

ot a cause or threat of serious injury.

establishing investment rules, the TPP Parties set out rules requiring non-discriminatory investment policies and protections th

sure basic rule of law protections, while protecting the ability of Parties’ governments to achieve legitimate public policy objecti

PP provides the basic investment protections found in other investment-related agreements, including national treatment; most

vored-nation treatment; “minimum standard of treatment” for investments in accordance with customary international lawinciples; prohibition of expropriation that is not for public purpose, without due process, or without compensation; prohibition

erformance requirements” such as local content or technology localization requirements; free transfer of funds related to an

vestment, subject to exceptions in the TPP to ensure that governments retain the exibility to manage volatile capital ows,

cluding through non-discriminatory temporary safeguard measures (such as capital controls) restricting investment-related

ansfers in the context of a balance of payments crisis or the threat thereof, and certain other economic crises or to protect the

tegrity and stability of the nancial system; and freedom to appoint senior management positions of any nationality.

PP Parties adopt a “negative-list” basis, meaning that their markets are fully open to foreign investors, except where they have ta

exception (non-conforming measure) in one of two country-specic annexes: (1) current measures on which a Party accepts an

bligation not to make its measures more restrictive in the future and to bind any future liberalization, and (2) measures and polici

hich a Party retains full discretion in the future.

he chapter also provides for neutral and transparent international arbitration of investment disputes, with strong safeguards to

event abusive and frivolous claims and ensure the right of governments to regulate in the public interest, including on health, sa

d environmental protection. The procedural safeguards include: transparent arbitral proceedings, amicus curiae submissions, n

sputing Party submissions; expedited review of frivolous claims and possible award of attorneys’ fees; review procedure for an

terim award; binding joint interpretations by TPP Parties; time limits on bringing a claim; and rules to prevent a claimant pursuin

me claim in parallel proceedings.

Cross-Border Trade in Services

ven the growing importance of services trade to TPP Parties, the 12 countries share an interest in liberalized trade in this area.

cludes core obligations found in the WTO and other trade agreements: national treatment; most-favoured nation treatment; ma

cess, which provides that no TPP country may impose quantitative restrictions on the supply of services (e.g ., a limit on the num

suppliers or number of transactions) or require a specic type of legal entity or joint venture; and local presence, which means t

o country may require a supplier from another country to establish an ofce or afliate, or to be resident, in its territory in order

pply a service. TPP Parties accept these obligations on a “negative-list basis,” meaning that their markets are fully open to servic


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ppliers from TPP countries, except where they have taken an exception (non-conforming measure) in one of two country-speci

nexes attached to the Agreement : (1) current measures on which a Party accepts an obligation not to make its measures more

strictive in the future, and to bind any future liberalisation, and (2) sectors and policies on which a country retains full discretion

e future.

PP Parties also agree to administer measures of general application in a reasonable, objective, and impartial manner; and to acce

quirements for transparency in the development of new services regulations. Benets of the chapter can be denied to shell

mpanies and to a service supplier owned by non-Parties with which a TPP Party prohibits certain transactions. TPP Parties agre

ermit free transfer of funds related to the cross-border supply of a service. In addition, the chapter includes a professional servic

nex encouraging cooperative work on licensing recognition and other regulatory issues, and an annex on express delivery servic

he TPP Financial Services chapter will provide important cross-border and investment market access opportunities, while ensur

at Parties will retain the ability to regulate nancial markets and institutions and to take emergency measures in the event of cri

he chapter includes core obligations found in other trade agreements, including: national treatment; most-favored nation treatm

arket access; and certain provisions under the Investment chapter, including the minimum standard of treatment. It provides fole of certain nancial services across borders to a TPP Party from a supplier in another TPP Party rather than requiring supplier

tablish operations in the other country in order to sell their service – subject to registration or authorization of cross-border

nancial services suppliers of another TPP Party in order to help assure appropriate regulation and oversight. A supplier of a TPP

arty may provide a new nancial service in another TPP market if domestic companies in that market are allowed to do so. TPP

arties have country-specic exceptions to some of these rules in two annexes attached to the TPP: (1) current measures on whic

arty accepts an obligation not to make its measures more restrictive in the future and to bind any future liberalization, and (2)

easures and policies on which a country retains full discretion in the future.

PP Parties also set out rules that formally recognize the importance of regulatory procedures to expedite the offering of insuran

rvices by licensed suppliers and procedures to achieve this outcome. In addition, the TPP includes specic commitments on por

anagement, electronic payment card services, and transfer of information for data processing.

he Financial Services chapter provides for the resolution of disputes relating to certain provisions through neutral and transpare

vestment arbitration. It includes specic provisions on investment disputes related to the minimum standard of treatment, as w

ovisions requiring arbitrators to have nancial services expertise, and a special State-to-State mechanism to facilitate the applic

the prudential exception and other exceptions in the chapter in the context of investment disputes. Finally, it includes exceptio

eserve broad discretion for TPP nancial regulators to take measures to promote nancial stability and the integrity of their na

stem, including a prudential exception and exception of non-discriminatory measures in pursuit of monetary or certain other

olicies.

Temporary Entry for Business Persons

he Temporary Entry for Business Persons chapter encourages authorities of TPP Parties to provide information on applications f

mporary entry, to ensure that application fees are reasonable, and to make decisions on applications and inform applicants of

ecisions as quickly as possible. TPP Parties agree to ensure that information on requirements for temporary entry are readily


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ailable to the public, including by publishing information promptly and online if possible, and providing explanatory materials. T

arties agree to ongoing cooperation on temporary entry issues such as visa processing. Almost all TPP Parties have made

mmitments on access for each other’s business persons, which are in country-specic annexes.

PP Parties share an interest in ensuring efcient and reliable telecommunications networks in their countries. These networks a

itical to companies both large and small for providing services. TPP’s pro-competitive network access rules cover mobile supplie

PP Parties commit to ensure that major telecommunications services suppliers in their territory provide interconnection, leased

rcuit services, co-location, and access to poles and other facilities under reasonable terms and conditions and in a timely manner

hey also commit, where a license is required, to ensure transparency in regulatory processes and that regulations do not general

scriminate against specic technologies. And they commit to administer their procedures for the allocation and use of scarce

lecommunications resources, including frequencies, numbers and rights-of-way, in an objective, timely, transparent and non-

scriminatory manner. TPP Parties recognize the importance of relying on market forces and commercial negotiations in the

lecommunications sector. They also agree that they may take steps to promote competition in international mobile roaming ser

d facilitate the use of alternatives to roaming. TPP Parties agree that, if a Party chooses to regulate rates for wholesale internat

obile roaming services, that Party shall permit operators from the TPP countries that do not regulate such rates the opportunityso benet from the lower rates.

the Electronic Commerce chapter, TPP Parties commit to ensuring free ow of the global information and data that drive the

ternet and the digital economy, subject to legitimate public policy objectives such as personal information protection. The 12 Pa

so agree not to require that TPP companies build data centers to store data as a condition for operating in a TPP market, and, in

dition, that source code of software is not required to be transferred or accessed. The chapter prohibits the imposition of custo

uties on electronic transmissions, and prevents TPP Parties from favoring national producers or suppliers of such products throu

scriminatory measures or outright blocking. To protect consumers, TPP Parties agree to adopt and maintain consumer protecti

ws related to fraudulent and deceptive commercial activities online and to ensure that privacy and other consumer protections

e enforced in TPP markets. Parties also are required to have measures to stop unsolicited commercial electronic messages. To

cilitate electronic commerce, the chapter includes provisions encouraging TPP Parties to promote paperless trading between

usinesses and the government, such as electronic customs forms; and providing for electronic authentication and signatures for

mmercial transactions. A number of obligations in this chapter are subject to relevant non-conforming measures of individual T

embers. The 12 Parties agree to cooperate to help small- and medium-sized business take advantage of electronic commerce, a

e chapter encourages cooperation on policies regarding personal information protection, online consumer protection, cybersec

reats and cybersecurity capacity.

PP Parties share an interest in accessing each other’s large government procurement markets through transparent, predictable,

on-discriminatory rules. In the Government Procurement chapter, TPP Parties commit to core disciplines of national treatment

on-discrimination. They also agree to publish relevant information in a timely manner, to allow sufcient time for suppliers to ob

e tender documentation and submit a bid, to treat tenders fairly and impartially, and to maintain condentiality of tenders. In


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dition, the Parties agree to use fair and objective technical specications, to award contracts based solely on the evaluation crit

ecied in the notices and tender documentation, and to establish due process procedures to question or review complaints abo

ward. Each Party agrees to a positive list of entities and activities that are covered by the chapter, which are listed in annexes.

PP Parties share an interest in ensuring a framework of fair competition in the region through rules that require TPP Parties to

aintain legal regimes that prohibit anticompetitive business conduct, as well as fraudulent and deceptive commercial activities t

rm consumers.

PP Parties agree to adopt or maintain national competition laws that proscribe anticompetitive business conduct and work to ap

ese laws to all commercial activities in their territories. To ensure that such laws are effectively implemented, TPP Parties agree

tablish or maintain authorities responsible for the enforcement of national competition laws, and adopt or maintain laws or

gulations that proscribe fraudulent and deceptive commercial activities that cause harm or potential harm to consumers. Partie

so agree to cooperate, as appropriate, on matters of mutual interest related to competition activities. The 12 Parties agree to

bligations on due process and procedural fairness, as well as private rights of action for injury caused by a violation of a Party’s

tional competition law. In addition, TPP Parties agree to cooperate in the area of competition policy and competition lawforcement, including through notication, consultation and exchange of information. The chapter is not subject to the dispute

ttlement provisions of the TPP, but TPP Parties may consult on concerns related to the chapter.

Enterprises SOEs) and Designated Monopolies

l TPP Parties have SOEs, which often play a role in providing public services and other activities, but TPP Parties recognize the

enet of agreeing on a framework of rules on SOEs. The SOE chapter covers large SOEs that are principally engaged in commerc

tivities. Parties agree to ensure that their SOEs make commercial purchases and sales on the basis of commercial consideration

cept when doing so would be inconsistent with any mandate under which an SOE is operating that would require it to provide p

rvices. They also agree to ensure that their SOEs or designated monopolies do not discriminate against the enterprises, goods, a

rvices of other Parties. Parties agree to provide their courts with jurisdiction over commercial activities of foreign SOEs in their

rritory, and to ensure that administrative bodies regulating both SOEs and private companies do so in an impartial manner. TPP

arties agree to not cause adverse effects to the interests of other TPP Parties in providing non-commercial assistance to SOEs, o

ury to another Party’s domestic industry by providing non-commercial assistance to an SOE that produces and sells goods in th

her Party’s territory. TPP Parties agree to share a list of their SOEs with the other TPP Parties and to provide, upon request,

ditional information about the extent of government ownership or control and the non-commercial assistance they provide to

OEs. There are some exceptions from the obligations in the chapter, for example, where there is a national or global economy

mergency, as well as country-specic exceptions that are set out in annexes.

PP’s Intellectual Property (IP) chapter covers patents, trademarks, copyrights, industrial designs, geographical indications, trade

crets, other forms of intellectual property, and enforcement of intellectual property rights, as well as areas in which Parties agre

operate. The IP chapter will make it easier for businesses to search, register, and protect IP rights in new markets, which is

rticularly important for small businesses.


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nsideration of matters and for Parties to mutually agree to a course of action to address issues. The Labour chapter establishes

echanism for cooperation on labour issues, including opportunities for stakeholder input in identifying areas of cooperation and

rticipation, as appropriate and jointly agreed, in cooperative activities.

s home to a signicant portion of the world’s people, wildlife, plants and marine species, TPP Parties share a strong commitment

otecting and conserving the environment, including by working together to address environmental challenges, such as pollution

egal wildlife trafcking, illegal logging, illegal shing, and protection of the marine environment. The 12 Parties agree to effectiv

force their environmental laws; and not to weaken environmental laws in order to encourage trade or investment. They also ag

full their obligations under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), and

ke measures to combat and cooperate to prevent trade in wild fauna and ora that has been taken illegally. In addition, the Part

ree to promote sustainable forest management, and to protect and conserve wild fauna and ora that they have identied as be

risk in their territories, including through measures to conserve the ecological integrity of specially protected natural areas, suc

etlands. In an effort to protect their shared oceans, TPP Parties agree to sustainable sheries management, to promote conserv

important marine species, including sharks, to combat illegal shing, and to prohibit some of the most harmful sheries subsidie

at negatively affect overshed sh stocks, and that support illegal, unreported, or unregulated shing. They also agree to enhanansparency related to such subsidy programs, and to make best efforts to refrain from introducing new subsidies that contribute

vershing or overcapacity.

PP Parties also agree to protect the marine environment from ship pollution and to protect the ozone layer from ozone depleting

bstances. They reafrm their commitment to implement the multilateral environmental agreements (MEAs) they have joined. T

arties commit to provide transparency in environmental decision-making, implementation and enforcement. In addition, the Par

ree to provide opportunities for public input in implementation of the Environment chapter, including through public submissio

d public sessions of the Environment Committee established to oversee chapter implementation. The chapter is subject to the

spute settlement procedure laid out in the Dispute Settlement chapter. The Parties further agree to encourage voluntary

vironmental initiatives, such as corporate social responsibility programs. Finally, the Parties commit to cooperate to address ma

joint or common interest, including in the areas of conservation and sustainable use of biodiversity, and transition to low-emissi

d resilient economies.

he economies of the 12 TPP Parties are diverse. All Parties recognise that the TPP lesser-developed Parties may face particular

allenges in implementing the Agreement, and in taking full advantage of the opportunities it creates. To address these challenge

ooperation and Capacity Building chapter establishes a Committee on Cooperation and Capacity Building to identify and review

eas for potential cooperative and capacity building efforts. Parties’ activities are on a mutually agreed basis and subject to the

ailability of resources. This Committee will facilitate exchange of information to help with requests related to cooperation and

pacity building.


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he Competitiveness and Business Facilitation chapter aims to help the TPP reach its potential to improve the competitiveness of

rticipating countries, and the Asia-Pacic region as a whole. The chapter creates formal mechanisms to review the impact of th

n competitiveness of the Parties, through dialogues among governments and between government, business, and civil society, w

rticular focus on deepening regional supply chains, to assess progress, take advantage of new opportunities, and address any

allenges that may emerge once the TPP is in force. Among these will be the Committee on Competitiveness and Business

cilitation, which will meet regularly to review the TPP’s impact on regional and national competitiveness, and on regional econo

tegration. The Committee will consider advice and recommendations from stakeholders on ways the TPP can further enhance

mpetitiveness, including enhancing the participation of micro, small- and medium-sized enterprises in regional supply chains. T

apter also establishes a basic framework for Committee to assess supply chain performance under the Agreement, including wa

omote SME participation in supply chains; and review of stakeholder and expert input.

he TPP Parties seek to ensure that the TPP will be a high-standard model for trade and economic integration, and in particular to

sure that all TPP Parties can obtain the complete benets of the TPP, are fully able to implement their commitments, and emerg

ore prosperous societies with strong markets. The Development chapter includes three specic areas to be considered for

llaborative work once TPP enters into force for each Party: (1) broad-based economic growth, including sustainable developmeoverty reduction, and promotion of small businesses; (2) women and economic growth, including helping women build capacity a

ill, enhancing women’s access to markets, obtaining technology and nancing, establishing women’s leadership networks, and

entifying best practices in workplace exibility; and (3) education, science and technology, research, and innovation. The chapte

tablishes a TPP Development Committee, which will meet regularly to promote voluntary cooperative work in these areas and n

pportunities as they arise.

PP Parties have a shared interest in promoting the participation of small- and medium-sized enterprises in trade and to ensure th

mall- and medium-sized enterprises share in the benets of the TPP. Complementing the commitments throughout other chapte

e TPP on market access, paperwork reduction, Internet access, trade facilitation, express delivery and others, the Small- and

edium-Sized Enterprise chapter includes commitments by each TPP Party to create a user-friendly websites targeted at small- a

edium-sized enterprise users to provide easily accessible information on the TPP and ways small rms can take advantage of it,

cluding description of the provisions of TPP relevant to small- and medium-sized enterprises; regulations and procedures conce

tellectual property rights; foreign investment regulations; business registration procedures; employment regulations; and taxat

formation. In addition, the chapter establishes a Small- and Medium-Sized Enterprises Committee that will meet regularly to re

ow well the TPP is serving small- and medium-sized enterprises, consider ways to further enhance its benets, and oversee

operation or capacity building activities to support small- and medium-sized enterprises through export counseling, assistance,

aining programs for small- and medium-sized enterprises; information sharing; trade nance; and other activities.

PP’s Regulatory Coherence chapter will help ensure an open, fair, and predictable regulatory environment for businesses operat

e TPP markets by encouraging transparency, impartiality, and coordination across each government to achieve a coherent regul

proach. The chapter aims to facilitate regulatory coherence in each TPP country by promoting mechanisms for effective


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teragency consultation and coordination for agencies. It encourages widely-accepted good regulatory practices, such as impact

sessments of proposed regulatory measures, communication of the grounds for the selection of chosen regulatory alternatives

e nature of the regulation being introduced. The chapter also includes provisions to help ensure regulations are written clearly

ncisely, that the public has access to information on new regulatory measures, if possible online, and that existing regulatory

easures are periodically reviewed to determine if they remain the most effective means of achieving the desired objective. In

dition, it encourages TPP Parties to provide an annual public notice of all regulatory measures it expects to take. Toward these e

e chapter establishes a Committee which will give TPP countries, businesses, and civil society continuing opportunities to repor

plementation, share experiences on best practices, and consider potential areas for cooperation. The chapter does not in any wa

fect the rights of TPP Parties to regulate for public health, safety, security, and other public interest reasons.

he TPP’s Transparency and Anti-Corruption chapter aims to promote the goal, shared by all TPP Parties, of strengthening good

vernance and addressing the corrosive effects bribery and corruption can have on their economies. Under the Transparency an

nti-Corruption chapter, TPP Parties need to ensure that their laws, regulations, and administrative rulings of general application

spect to any matter covered by the TPP are publicly available and that, to the extent possible, regulations that are likely to affec

ade or investment between the Parties are subject to notice and comment. TPP Parties agree to ensure certain due process righPP stakeholders in connection with administrative proceedings, including prompt review through impartial judicial or administra

bunals or procedures. They also agree to adopt or maintain laws criminalising offering to, or solicitation of, undue advantages b

ublic ofcial, as well as other acts of corruption affecting international trade or investment. Parties also commit to effectively enf

eir anticorruption laws and regulations. In addition, they agree to endeavor to adopt or maintain codes or standards of conduct

eir public ofcials, as well as measures to identify and manage conicts of interest, to increase training of public ofcials, to take

eps to discourage gifts, to facilitate reporting of acts of corruption, and to provide for disciplinary or other measures for public

cials engaging in acts of corruption. In an Annex to this chapter, TPP Parties also agree to provisions that promote transparenc

d procedural fairness with respect to listing and reimbursement for pharmaceutical products or medical devices. Commitments

is annex are not subject to dispute settlement procedures.

he Administrative and Institutional Provisions Chapter sets out the institutional framework by which the Parties will assess and g

plementation or operation of the TPP, in particular by establishing the Trans-Pacic Partnership Commission, composed of Min

senior level ofcials, to oversee the implementation or operation of the Agreement and guide its future evolution. This Commis

ll review the economic relationship and partnership among the Parties on a periodic basis to ensure that the Agreement remain

levant to the trade and investment challenges confronting the Parties. The chapter also requires each Party to designate an ove

ntact point to facilitate communications between the Parties, and creates a mechanism through which a Party that has a specic

ansition period for an obligation must report on its plans for, and progress toward, implementing that obligation. This ensures gr

ansparency with respect to the implementation of Parties’ obligations.


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he Dispute Settlement chapter is intended to allow Parties to expeditiously address disputes between them over implementatio

e TPP. TPP Parties will make every attempt to resolve disputes through cooperation and consultation and encourage the use of

ternative dispute resolution mechanisms when appropriate. When this is not possible, TPP Parties aim to have these disputes

solved through impartial, unbiased panels. The dispute settlement mechanism created in this chapter applies across the TPP, w

w specic exceptions. The public in each TPP Party will be able to follow proceedings, since submissions made in disputes will be

ade available to the public, hearings will be open to the public unless the disputing Parties otherwise agree, and the nal report

esented by panels will also be made available to the public. Panels will consider requests from non-governmental entities locate

e territory of any disputing Party to provide written views regarding the dispute to panels during dispute settlement proceeding

ould consultations fail to resolve an issue, Parties may request establishment of a panel, which would be established within 60 d

ter the date of receipt of a request for consultations or 30 days after the date of receipt of a request related to perishable goods

anels will be composed of three international trade and subject matter experts independent of the disputing Parties, with proced

ailable to ensure that a panel can be composed even if a Party fails to appoint a panelist within a set period of time. These panel

ll be subject to a code of conduct to ensure the integrity of the dispute settlement mechanism. They will present an initial repor

e disputing Parties within 150 days after the last panelist is appointed or 120 days in cases of urgency, such as cases related to

erishable goods. The initial report will be condential, to enable Parties to offer comments. The nal report must be presented n

ter than 30 days after the presentation of the initial report and must be made public within 15 days, subject to the protection of

ndential information in the report.

maximize compliance, the Dispute Settlement chapter allows for the use of trade retaliation (e.g ., suspension of benets), if a Pa

und not to have complied with its obligations fails to bring itself into compliance with its obligations. Before use of trade retaliat

arty found in violation can negotiate or arbitrate a reasonable period of time in which to remedy the breach.

he Exceptions Chapter ensures that exibilities are available to all TPP Parties that guarantee full rights to regulate in the public

terest, including for a Party’s essential security interest and other public welfare reasons. This chapter incorporates the general

ceptions provided for in Article XX of the General Agreement on Tariffs and Trade 1994 to the goods trade-related provisions,

ecifying that nothing in the TPP shall be construed to prevent the adoption or enforcement by a Party of measures necessary to

mong other things, protect public morals, protect human, animal or plant life or health, protect intellectual property, enforce

easures relating to products of prison labour, and measures relating to conservation of exhaustible natural resources.

he chapter also contains the similar general exceptions provided for in Article XIV of the General Agreement on Trade in Service

spect to the services trade-related provisions.

he chapter includes a self-judging exception, applicable to the entire TPP, which makes clear that a Party may take any measure it

nsiders necessary for the protection of its essential security interests. It also denes the circumstances and conditions under w

Party may impose temporary safeguard measures (such as capital controls) restricting transfers – such as contributions to capita

ansfers of prots and dividends, payments of interest or royalties, and payments under a contract – related to covered investme

ensure that governments retain the exibility to manage volatile capital ows, in the contexts of balance of payments or other

onomic crises, or threats thereof. In addition, it species that no Party is obligated to furnish information under the TPP if it wo

e contrary to its law or public interest, or would prejudice the legitimate commercial interests of particular enterprises. A Party

ect to deny the benets of Investor-State dispute settlement with respect to a claim challenging a tobacco control measure of th

arty.


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he Final Provisions chapter denes the way the TPP will enter into force, the way in which it can be amended, the rules that estab

e process for other States or separate customs territories to join the TPP in the future, the means by which Parties can withdraw

e authentic languages of the TPP. It also designates a Depositary for the Agreement responsible for receiving and disseminating

ocuments.

he chapter ensures that the TPP can be amended, with the agreement of all Parties and after each Party completes its applicable

ocedures and noties the Depositary in writing. It species that the TPP is open to accession by members of the Asia-Pacic

onomic Cooperation Forum and other States or separate customs territories as agreed by the Parties, again after completing

plicable legal procedures in each Party. The Final Provisions chapter also species the procedures under which a Party can with

om the TPP.

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