Japan’s decision is favorable for the TPP as well as for the United States and New Zealand. It's a game changer.
Washington, DC (PRWEB) March 15, 2013
The United States | New Zealand Council today welcomed Japan’s decision to embrace the goals of a comprehensive, high-standard, and commercially-meaningful Trans-Pacific Partnership (TPP) agreement.
“Japan’s participation will increase interest and support for the TPP among the U.S. and New Zealand business communities, as well as throughout the Asia-Pacific region,” said William Maroni, president of the US | NZ Council.
“After 16 rounds of talks, today’s news will invigorate the TPP and create the needed new momentum to bring the negotiation to a successful competition,” he added.
Japan is the third-largest economy in the world, and the fourth-largest trading partner of both the United States and New Zealand. The US | NZ Council, an independent, non-partisan organization committed to promoting trade and investment liberalization, is a member of the U.S. Business Coalition for TPP.
According to Maroni, the announcement by Japan comes at a critical time in the TPP process when the United States lacks a new U.S. Trade Representative, following this week’s departure of Ambassador Kirk.
“Japan’s decision is favorable for the TPP as well as for the United States and New Zealand,” said Maroni. “With the addition of Japan as the twelfth TPP member, the agreement has the potential to dramatically expand the flow of trade, investment, ideas and people; create millions of new jobs; and foster a more secure and prosperous Asia-Pacific region. This is a game changer,” he said.
Maroni pledged the US | NZ Council’s continued commitment to the trade talks and its support for the swift, seamless inclusion of Japan into the process.
About the United States | New Zealand Council
The US | NZ Council, which was established in 1985, is the only independent group dedicated exclusively to advancing shared business, strategic, and cultural interests between the United States and New Zealand and throughout the Asia-Pacific region. The Council promotes mutual objectives in trade, investment, economic growth, and security; provides thought leadership on important Asia-Pacific regional matters; and expands collaboration and understanding in such areas as science and technology, the environment, education, entertainment and the arts. Visit http://www.USNZcouncil.org