Trans-Pacific Partnership Archive

On the sidelines of the leaders’ summit for the Asia-Pacific Economic Cooperation forum, or APEC, earlier this month in Vietnam, the remaining members of the Trans-Pacific Partnership—the mega-regional free trade pact that includes Japan, Canada, Mexico, Australia, New Zealand, Chile, Peru, Malaysia, Vietnam, Singapore and Brunei—agreed on most elements of a deal to salvage it in the form of a new, so-called TPP-11. In late January, in one of the first moves after taking office as U.S. president, Donald Trump followed through on his campaign promise to withdraw the United States from what had been Barack Obama’s signature economic achievement […]

On Nov. 10, Australia and Peru concluded a free trade agreement while leaders of both countries were attending the Asia-Pacific Economic Cooperation summit in Vietnam. Free trade negotiations between the two countries began in May following the U.S. decision to abandon the Trans-Pacific Partnership, the major multilateral free trade deal that involved 11 other Pacific Rim countries, including Australia and Peru. In an email interview, John Edwards, a nonresident fellow at the Lowy Institute and adjunct professor with the John Curtin Institute of Public Policy at Curtin University, explains why Australia and Peru moved forward with their own free trade […]

After President Donald Trump withdrew the United States from the 12-nation Trans-Pacific Partnership in January, the trade deal’s remaining members resolved to carry on without their biggest partner. Earlier this month, at a meeting in Vietnam, they agreed to new core terms, despite the last minute vacillation by Canada’s prime minister, Justin Trudeau. While Canada’s continued hang-ups about the TPP have stalled a final agreement, many experts believe the U.S. departure from the deal may actually put Canada in a better position than before. In an email interview, Dan Ciuriak, a senior fellow at the Centre for International Governance Innovation […]