Ways and Means Trade Subcommittee to Hold Dec. 14 Hearing on Trans-Pacific Partnership
The House Ways and Means Trade Subcommittee will hold a hearing Dec. 14 on the Trans-Pacific Partnership. This hearing will focus on the status and future of the TPP negotiations as well as the potential benefits of the agreement for U.S. companies, workers and farmers. The hearing will also explore how the TPP will be a “21st century agreement” by addressing barriers to trade beyond tariffs and increasing trade facilitation.
The TPP is currently being negotiated among the U.S. and eight other countries – Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. Japan, Canada and Mexico have also indicated an interest in becoming involved. More information on the TPP, including the framework agreement released last month, is available here. The latest round of negotiations is taking place this week in Indonesia, and participants are hoping to reach a final agreement sometime in 2012.