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Proposed Trans-Pacific Partnership (TPP) (CRS Report for Congress)

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Release Date Nov. 19, 2014
Report Number IF00001
Report Type In Focus
Source Agency Congressional Research Service
Summary:

What is the current status? The negotiations remain ongoing. TPP Ministers and Leaders met on the sidelines of the recent APEC meetings in Beijing, November 7-11, but no agreement was reached, despite President Obama’s suggestion of such an outcome earlier in the summer. TPP Leaders stated that finishing the negotiations is a top priority and Trade Ministers reported that the pace of negotiations has accelerated and outstanding issues are limited, but include state-owned enterprises, environment, intellectual property, and investment, as well as market access talks with Japan, particularly on agriculture and autos. There is no public text of an agreement available at this time, but TPP Leaders released a broad outline of TPP goals on the sidelines of the 2011 APEC forum meetings.

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