The Trans-Pacific Partnership Agreement: Contradictions in Australia and in the Asia Pacific Region

Abstract

The Trans Pacific Partnership Agreement (TPPA) is currently being negotiated between the US, Australia, New Zealand, Singapore, Brunei, Peru, Chile, Vietnam and Malaysia. The TPPA is intended to multilateralise the bilateral legally binding agreements the US has with four of these countries, including Australia, as the building block for a legally binding Free Trade Agreement in the Asia Pacific area. The TPPA re-opens many of the issues debated in the US-Australia Free Trade Agreement in 2004. These include pressures from US industry groups for changes to Australian regulation like the Pharmaceutical Benefits Scheme, regulation and labelling of genetically engineered foods and local content rules for Australian media. The paper analyses the endurance of the agenda despite the changes of government in the US and Australia since 2004, and discusses the contradictions and uncertainties of the strategy in Australia and in the Asia Pacific.

Keywords

Trans Pacific Partnership Agreement (TPPA)bilateral trade agreements United States trade policy Australia-US Free Trade Agreement (AUSFTA)

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