USDA International Egg and Poultry
10 May 2013
USDA International Egg and Poultry - 10 May 2013
Implications of the Trans-Pacific Partnership for Meat, Poultry, and Seafood Trade
The Trans-Pacific Partnership (TPP) is a plurilateral free trade agreement presently being negotiated among eleven countries (TPP11): Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States. In 2011, beef, pork, poultry, lamb, and seafood trade with the TPP11 countries accounted for about 27% of total U.S. exports of these products and 53 % of total U.S. imports (tables 1 and 2). While the TPP has implications for all sectors of the economy, potential outcomes for different agricultural sectors are likely to vary based on existing trade relationships and the unique issues commodities face.
The TPP builds on work done in previous Free Trade Agreements and is designed to improve regulatory coherence among TPP members, while at the same time maintaining the flexibility for unforeseen trade events or future expansion of participating countries (USTR, 2011).
Table 1. United States Livestock, Poultry, and Fish Export Statistics, Calendar Year 2012
Table 2. United States Livestock, Ppoultry, and Fish Import Statistics, Calendar Year 2012
Trans-Pacific Partnership Invites Japan’s Entry
The trade ministers of the eleven countries currently negotiating the Trans-Pacific Partnership (TPP) Agreement formally invited Japan into their ranks on April 20, 2013, pending the conclusion of their respective domestic procedures. The news of Tokyo’s invite comes just over a month after Japanese Prime Minister Shinzo Abe announced that his country would be pursuing a seat at the table in the trans-Pacific negotiations. Officials have said that they hope Japan’s membership will be in effect by July.
The decision to invite Japan into the eleven country talks took center stage during the weekend meeting of TPP officials, which occurred on the margins of the Asia-Pacific Economic Cooperation (APEC) trade ministers’ gathering in Surabaya, Indonesia. In their announcement on April 20 the TPP ministers stressed that the process of formalizing Japan’s entry will be conducted “in a manner that allows the negotiations to continue expeditiously toward conclusion.”
With Japan’s entry, TPP countries would account for nearly 40 percent of global GDP and about one-third of all world trade. TPP Ministers noted that Japan’s participation in the negotiation will underscore the economic significance of TPP and its promise as a pathway toward a Free Trade Area of the Asia Pacific.
Source: Bridges Weekly Trade News Digest, Vol 17, Number 14, 25th April 2013 http://ictsd.org/i/news/bridgesweekly/160589; Office of the United States Trade Representative Press Release 04/20/2013
Japan: Egg Product Imports in Metric Tons
May 2013
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