International partnership to create new model for trade

The current Trans-Pacific Partnership (TPP) proposal is ground breaking in terms of its scope, terms of trade and anticipated geopolitical impact, according to the U.S. Grains Council.
 “The agreement will offer significant opportunities for new sales of U.S. agricultural products and could significantly alter current trade patterns as it expands and as new trade partners express interest in joining,” said USGC Chairman Terry Vinduska.
The TPP is currently a nine-country partnership that seeks to create a “new millennium model for trade,” said Vinduska. “Participants are in the process of working through the details of new market access offers and sectoral agreements to facilitate trade flows.”
Participating countries include the United States, New Zealand, Australia, Chile, Brunei, Singapore, Peru, Malaysia and Vietnam.
The agreement is important enough to merit the attention of the Japanese government, who expressed interest in joining and included the issue on their national trade agenda, according to USGC sources.

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