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US TPP Notification Good News for New Zealand
Media Release – 15 December 2009
US TPP Notification Good News for New Zealand
News that United States Trade Representative, Ron Kirk, has formally notified Congress that President Obama intends to negotiate to join the Trans-Pacific Partnership (TPP) was “welcome news for New Zealand and the wider Asia Pacific region” said NZUS Council, Executive Director, Stephen Jacobi, today.
In letters sent today to Speaker of the House, Nancy Pelosi, and Senate President Pro Tempore, Robert Byrd, Ambassador Kirk said the US objective would be to shape a “high-standard, broad-based regional pact” which would “create a potential platform for economic integration across the Asia-Pacific region”.
Ambassador Kirk said USTR would now “intensify consultations with Congress and American stakeholders” to develop objectives for the negotiations. The negotiations, which are scheduled to begin in March, will also involve existing parties - Chile, Singapore, New Zealand and Brunei – and other aspiring members, Australia and Peru. Viet Nam will observe the first three rounds of negotiations.
“Today’s news is a very welcome development”, said Mr Jacobi. “Formal notification to Congress confirms that the US is serious about negotiating to join the TPP. Other negotiating parties can now move into the next stage of the process with certainty about the Administration’s intentions.”
Ambassador Kirk’s notification follows an announcement made by President Obama in November that the US would engage with the Trans Pacific Partnership countries to shape a regional agreement for the Asia Pacific.
About
the NZUS Council – www.nzuscouncil.com
The NZ
US Council is a non-partisan body funded by both business
and the Government to promote New Zealand’s broader
relationship with the US. Two-way trade with the US is
valued at over $8 billion and the US is a leading source of
investment, innovation and business ideas. The NZ US Council
worked with its Washington-based counterpart to organize the
recent US NZ Partnership Forum held in Washington DC from 6
– 8 October
2009.
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