The TPP would require us to limit food labeling and to import meat and poultry that do not meet U.S. food safety standards.

The TPP would require us to allow food imports if the exporting country claims that their safety regime is “equivalent” to our own even if it violates the key principles of our food safety laws. These rules would effectively outsource domestic food inspection to other countries.
 
Under the TPP, any U.S. food safety rule on pesticides, labeling or additives that is higher than international standards would be subject to challenge as “illegal trade barriers.” The U.S. could be required to eliminate these rules and allow in the unsafe food under threat of trade sanctions.
 
The U.S. Food and Drug Administration already inspects less than 1% of all seafood imports for health hazards. Entering into the TPP with Malaysia and Vietnam, both TPP negotiating parties and major seafood exporters, would increase seafood imports and further overwhelm inspectors’ limited ability to ensure the safety of our food. Some TPP countries have serious shrimp and fish safety issues. For example, even with the minimal inspections, high levels of contaminants have been found in Vietnam’s seafood.

Regulatory compliance will be clearer due to TPP

The TPP countries have agreed on transparent, non-discriminatory rules for developing technical regulations and standards and conformity assessment procedures. If you’re in the business of selling cosmetics, medical devices, pharmaceuticals, information and communications technology, wine and distilled spirits, prepackaged foods, food additives or organic agricultural products then  you’ll have better and more transparent regulatory guidelines that everyone will have to follow.

More information can be viewed at-http://www.inc.com

Intellectual Property (IP) will be better protected due to TPP

In an issue particularly important for small businesses, it will be easier to search, register, and protect IP rights in these new markets. There will be better standards for patents and protections for trademarks like your brand name and signage. There’s more help for pharmaceutical companies and creative artists. The parties have agreed to provide the legal means to prevent the misappropriation of trade secrets and to establish criminal procedures and penalties for trade secret theft, including by means of cyber-theft, and for cam-cording.

More Info on:http://www.huffingtonpost.com/

Trans-Pacific Partnership would benefit Texas jobs, exports, study found

A new study from Business Roundtable found that U.S. trade with 11 other countries involved in the U.S. Trans-Pacific Partnership negotiations supported 1.2 million jobs in Texas in 2013. Some of the highlights of the report found that

• 54 percent of Texas goods exported globally went to these countries in 2013;

• Texas exports included $140.9 billion worth of goods and $9.4 billion worth of services to TPP countries that are existing U.S. free trade agreement partners — Australia, Canada, Chile, Mexico, Peru and Singapore — in 2013, accounting for roughly 51 percent of the state’s goods exports and roughly 18 percent of its services exports globally.

• The TPP will open new markets for Texas with five countries that are not currently free trade agreement partners — Brunei, Japan, Malaysia, New Zealand and Vietnam. Texas exported $7.6 billion in goods and $3.9 billion in services in 2013 to these countries.

Full report can be found here: http://businessroundtable.org/sites/default/files/state-data-tpp/BRT_TPP_TX_2013.pdf

Demands for U.S. farm and food products will be boosted by TPP

The Trans-Pacific Partnership (TPP) will boost demand for U.S. farm and food products among nearly 500 million consumers in 11 countries across the Asia-Pacific region. By reducing tariffs and opening new markets for American agricultural products, the TPP will help increase farm income, generate rural economic activity, and support local jobs.

highlights

For more information please check-http://www.fas.usda.gov/sites/default/files/2015-10/washington_0.pdf

TPP for Small- and medium-sized enterprises (SMEs)

Small- and medium-sized enterprises (SMEs) are the backbone of the U.S. economy and are key contributors to economic growth in other TPP economies as well.  The United States’ 28 million SMEs account for nearly two-thirds of net new private sector jobs in recent decades.  SMEs that export tend to grow even faster, create more jobs, and pay higher wages than similar businesses that do not trade internationally.  We are seeking through this agreement to provide SMEs the tools they need to compete across TPP markets.  TPP will benefit SMEs by eliminating tariff and non-tariff barriers, streamlining customs procedures, strengthening intellectual property protection, promoting e-commerce, and developing more efficient and transparent regulatory regimes.  In addition, TPP will include a first-ever chapter focusing on issues that create particular challenges for SMEs.

More information can be found at- https://ustr.gov/tpp/Summary-of-US-objectives

Officials Reach Deal On Trans-Pacific Partnership

The United States and 11 other Pacific Rim countries have reached a deal on the most sweeping trade liberalization pact in a generation.

TPP is a deal that could reshape industries and influence everything from the price of cheese to the cost of cancer treatments, the 12 countries will cut trade barriers and set common standards.

The TPP has been controversial because of the secret negotiations that have shaped it over the past five years and the perceived threat to interest groups from Mexican auto workers to Canadian dairy farmers.

Obama said the pact will “level the playing field” for American workers and businesses and added that Americans would have months to read the deal before he signs it into law.

More details can be read at:

http://www.huffingtonpost.com/entry/tpp-deal-reached_561267dae4b0dd85030c7933tpp image