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Froman: U.S. developing TPP implementation plan
Source: Politico
Froman: U.S. developing TPP implementation plan
By ADAM BEHSUDI 02/04/16 10:00 AM EST
With help from Doug Palmer, Victoria Guida and Jenny Hopkinson
FROMAN: U.S. DEVELOPING TPP IMPLEMENTATION PLAN: The United States is developing a “full implementation plan” to make sure developing countries like Vietnam can carry out all of their obligations in the Trans-Pacific Partnership pact, U.S. Trade Representative Michael Froman said Wednesday at the TPP signing ceremony in New Zealand.
“We’re consulting with our fellow trading partners about areas where, for example, trade capacity building would be useful,” Froman said. “We think today’s signing is an important milestone, [and] ratification, of course, is absolutely critical. But focusing on implementation and enforcement of the agreement is also very important going forward, and we’re putting in significant resources and energy into that as we speak.”
Senate Finance Committee Chairman Orrin Hatch, in particular, has stressed the need for robust implementation plans to make sure countries are carrying out their commitments. However, he has raised doubts about quick action on the pact.
Despite the obstacles to approval of the agreement in Congress, Froman expressed confidence lawmakers would back the measure once they understand all of its benefits. Other trade ministers also said they would begin their domestic approval processes soon, with ratification in some countries possible this year.
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By ADAM BEHSUDI 02/04/16 10:00 AM EST
With help from Doug Palmer, Victoria Guida and Jenny Hopkinson
FROMAN: U.S. DEVELOPING TPP IMPLEMENTATION PLAN: The United States is developing a “full implementation plan” to make sure developing countries like Vietnam can carry out all of their obligations in the Trans-Pacific Partnership pact, U.S. Trade Representative Michael Froman said Wednesday at the TPP signing ceremony in New Zealand.
“We’re consulting with our fellow trading partners about areas where, for example, trade capacity building would be useful,” Froman said. “We think today’s signing is an important milestone, [and] ratification, of course, is absolutely critical. But focusing on implementation and enforcement of the agreement is also very important going forward, and we’re putting in significant resources and energy into that as we speak.”
Senate Finance Committee Chairman Orrin Hatch, in particular, has stressed the need for robust implementation plans to make sure countries are carrying out their commitments. However, he has raised doubts about quick action on the pact.
Despite the obstacles to approval of the agreement in Congress, Froman expressed confidence lawmakers would back the measure once they understand all of its benefits. Other trade ministers also said they would begin their domestic approval processes soon, with ratification in some countries possible this year.
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Read more: http://www.politico.com/tipsheets/morning-trade/2016/02/froman-us-developing-tpp-implementation-plan-hatch-tpp-could-take-years-to-get-congressional-vote-trumka-warns-lawmakers-on-tpp-212530
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