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Crafting the Trans-Pacific Partnership as a True Model 21st Century Trade Agreement
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Crafting the Trans-Pacific Partnership as a True Model 21st Century Trade Agreement

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The Obama Administration is wisely moving forward with a landmark trade agreement called the Trans-Pacific Partnership (TPP). Ideally, it will increase regional economic integration between the U.S. …

The Obama Administration is wisely moving forward with a landmark trade agreement called the Trans-Pacific Partnership (TPP). Ideally, it will increase regional economic integration between the U.S. and eight other Asia-Pacific nations. But in a new report, Gold-Standard or WTO-Lite? Shaping the Trans-Pacific Partnership, ITIF questions whether the TPP will truly raise the bar for fair, market-based trade or allow the continuation of rampant mercantilist practices such as intellectual property theft, non-tariff barriers, discriminatory government procurement practices and other practices that have hurt U.S. economic growth and invited skepticism of global trade.

Published in: Business, Technology

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  • 1. May 25, 2011Crafting the Trans-PacificPartnership as a True Model21st Century Trade AgreementRobert D. AtkinsonPresidentInformation Technology and Innovation Foundation
  • 2. Innovation Mercantilism is Widespread1. The global economic system has become increasingly distorted, as an increasing number of nations have embraced innovation mercantilism.2. Innovation mercantilism is designed to promote trade surpluses through a variety of negative-sum activities:  Pricing under cost (dumping, subsidies, currency manipulation);  Limiting imports (closed markets, forced offsets/tech transfer, standards manipulation, IP theft, indigenous innovation policies). 2
  • 3. The U.S. Has 3 Possible Responses 3
  • 4. 1) Do Nothing:After All MercantilistsOnly HurtThemselves 4
  • 5. 2) Don’t Fight; SwitchMatch TheirMercantilismWith OurOwn 5
  • 6. 3) Don’t Switch; Fight!:SystemicallyChallengeMercantilists andMercantilist Practices,While CraftingStronger Allianceswith Free Traders. 6
  • 7. The WTO Process Has Proved Limited as a Vehicle to Fight Mercantilism 7
  • 8. The TPP Provides a New Opportunity to Constrain MercantilismThe TPP is A free trade agreement the Obama Administrationis negotiating entrance into to increase regional economicintegration across nine Asia-Pacific nations: Australia Brunei Darussalam, Chile, Malaysia, New Zealand Peru, Singapore, Vietnam U.S. 8
  • 9. The TPP Provides a New Opportunity to Constrain MercantilismBut only if theUnited Statesinsists on a “GoldStandard” TPPFramework. 9
  • 10. What a “Gold-standard TPP” Needs to Achieve TPP Partners Must Better Protect IP Rights TPP Members Must Commit to Open and Non- Discriminatory Government Procurement Non-preferential Treatment of State-owned Enterprises Services Trade Liberalization Market Access Eliminating Non-tariff Barriers 10
  • 11. No Need for a Quick Win Success is NOT signing new trade agreements. Success IS signing agreements that moves the global trading system decisively away from mercantilism, while building a growing “coalition of the ‘market-based’.” 11
  • 12. No Need for a Quick Win If the TPP is anything less than a gold standard agreement, the U.S. should decline to join. 12
  • 13. Thank YouRobert Atkinsonratkinson@itif.org Follow ITIF: Facebook: facebook.com/innovationpolicy Blog: www.innovationpolicy.org YouTube: www.youtube.com/user/techpolicy Website: www.itif.org Twitter: @robatkinsonitif

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