TRADE BLOCS – PACIFIC AREA

Australia an also-ran in TPP gains: World Bank

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Original article by Greg Earl
The Australian Financial Review – Page: 6 : 12-Jan-16

A study released by the World Bank in early January 2016 suggests that there will be modest benefits for Australia from the proposed Trans-Pacific Partnership (TPP) trade agreement. The TPP is forecast to result in a rise in Australia’s GDP of less than two percentage points by 2030. All other countries-signatories to the TPP, with the exception of the US, are expected to experience larger rises in GDP.

CORPORATES
WORLD BANK, TRANS-PACIFIC PARTNERSHIP

‘Stepping stone to growth’

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Original article by Phillip Coorey, John Kehoe
The Australian Financial Review – Page: 1 & 6 : 7-Oct-15

Australian businesses in a range of sectors will benefit from the Trans-Pacific Partnership, which will account for about 40 per cent of the global economy. Trade Minister Andrew Robb is hopeful that other nations will sign up to the Pacific Rim trade deal, after 12 nations reached agreement on the TPP on 6 October 2015. However, the trade deal must still be ratified by each nation, and there are concerns that it could be rejected by the US and Canadian legislatures.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABORATORY SERVICES PTY LTD, NATIONAL PARTY OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, DEMOCRATIC PARTY (UNITED STATES), REPUBLICAN PARTY (UNITED STATES), AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, CHINA. MINISTRY OF COMMERCE

TPP deal is imminent, says Robb

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Original article by John Kehoe, Joanna Mather
The Australian Financial Review – Page: 4 : 28-Sep-15

Australia’s Trade Minister Andrew Robb is confident that an agreement on the Trans-Pacific Partnership will be secured shortly. Negotiations on the trade agreement will resume in the US on 30 September 2015, after talks stalled in July. Robb is hopeful that a number of outstanding issues concerning the trade deal can be resolved. Some 12 nations will join the TPP if a final agrement is reached.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, TRANS-PACIFIC PARTNERSHIP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, NATIONAL PARTY OF AUSTRALIA, THE BROOKINGS INSTITUTION, DEMOCRATIC PARTY (UNITED STATES)

TPP importance ‘modest’, says former WTO head

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Original article by Geoff Winestock
The Australian Financial Review – Page: 7 : 31-Jul-15

Pascal Lamy has downplayed the likely impact of the proposed Trans-Pacific Partnership (TPP) on the global economy. The former director-general of the World Trade Organization notes that the US seems reluctant to make any significant trade concessions as part of the TPP process. He also warns that the price of drugs will rise if the US succeeds in having patent protection for the pharmaceutical industry extended to 15 years.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, WORLD TRADE ORGANIZATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BOAO FORUM FOR ASIA, NATIONAL PARTY OF AUSTRALIA, PHILIP MORRIS ASIA INCORPORATED

Surprise wins in TPP deal: Robb

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Original article by John Garnaut
The Australian Financial Review – Page: 1 & 4 : 27-Jul-15

Australia’s Trade Minister Andrew Robb is confident that a deal on the proposed Trans Pacific Partnership (TPP) will be finalised in the last week of July 2015, after five years of negotiations. Robb says the nation’s agricultural sector is set to benefit from the TPP, but he adds that the biggest beneficiaries could include service industries such as the legal and education sectors. Robb also expects the mining equipment and services sector to benefit from the deal.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, TRANS-PACIFIC PARTNERSHIP, WORLD TRADE ORGANIZATION, GENERAL AGREEMENT ON TARIFFS AND TRADE, NORTH AMERICAN FREE TRADE AGREEMENT, AUSTMINE LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GEKKO SYSTEMS PTY LTD, ORICA LIMITED – ASX ORI, MONADELPHOUS GROUP LIMITED – ASX MND, AUSDRILL LIMITED – ASX ASL, AUSENCO LIMITED – ASX AAX, WORLEYPARSONS LIMITED – ASX WOR, SINCLAIR KNIGHT MERZ PTY LTD

Business backs final push for TPP

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Original article by John Kerin
The Australian Financial Review – Page: 3 : 23-Oct-14

Australian business organisations have issued a joint statement in which they stress the importance of forming the Trans-Pacific Partnership. Trade ministers of 12 countries in the Asia Pacific region will discuss the matter at a meeting in Sydney, starting on 24 October 2014. The Business Council of Australia, the Australian chapter of the American Chamber of Commerce, and the US Chamber of Commerce say in the statement that the trade bloc will create jobs

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, AMERICAN CHAMBER OF COMMERCE AND TRADE, UNITED STATES CHAMBER OF COMMERCE, TRANS-PACIFIC PARTNERSHIP