Trans-Pacific Partnership: An Update
On October 5, 2015, the United States and 11 other countries announced the completion of the Trans-Pacific Partnership (TPP). The 12 countries (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam) account for 40% of the global economy and over 800 million consumers. The TPP seeks to lower tariffs and non-tariff barriers, strengthen intellectual property protections, establish enforceable standards for labor and environmental protections, and establish an investor-state dispute settlement mechanism.
Essentially, the TPP is an expansion of the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4) signed in 2006 between Brunei, Chile, Singapore, and New Zealand.
In this two-hour LIVE Webcast, The Knowledge Group has assembled national and international professionals to provide a review and update of the latest issues regarding the highly controversial Trans-Pacific Partnership: An Update in 2016. The panel of speakers will explain what has made the TPP so controversial, why it is important, and what obstacles the bill and its opponents face. They will also suggest how businesses can best prepare for any changes the TPP could bring about.
Some of the major topics that will be covered in this course are:
- Trans-Pacific Partnership – A Legal Primer
- The US Implementation Process
- The TPP Entry into Force
- Market Access and Rules of Origin
- Investor-State Dispute Resolution
- Financial Regulations
- Labor Disputes
- State-owned Enterprises and Competition
- Environmental Issues
- Intellectual Property Rights
- Global Financial Consequences
- Outlook on other countries interested in joining
Yohai Baisburd, Partner
- Structure of the Agreement (Breadth and Depth)
- What's covered, goods, services, e-commerce, government procurement, investment, TBT, SPS, Labor, Environment
- Highlights from Key Chapters
- Market Access
- What makes this different from current US FTAs
- New rules of origin
- Strong trade facilitation provisions
- Greater coordination for customs enforcement/coordination
- Road Map for How Businesses Can Analyze the Potential Benefits of the TPP
- Overview of Next Steps
- US Legislative Process
- Entry into Force
- Other countries trying to join
Elliot J. Feldman, Partner
Baker & Hostetler LLP
- The TPP is a 6000 page document not yet signed and finalized. No one can yet speak to all of it.
- We intend to take a macroscopic view – what it may mean broadly for world trade and the Asia Pacific region, should it in fact come to pass. Why it is important for business, even sight unseen.
- I will be addressing strategic considerations, especially the relationship of the deal to U.S. foreign policy in the region, as well as some specific international trade considerations (in the second segment).
- I would introduce what Yohai plans to address.
- Strategic Considerations – U.S. foreign policy in the region, the “pivot” to Asia, Chinese-Japanese-U.S. relations
- The place of the TPP in those strategic considerations – the economic dimension
- The Obama foreign policy and trade legacy and TPP.
- The TPP’s international trade remedy and investor-state dispute provisions
- U.S. law and the TPP trade remedy provisions
- Obstacles to completing the deal –
- U.S. Congress
- U.S. interests
- The political season and presidential candidates
- Implications were the deal to fail
Who Should Attend:
- Trade Lawyers
- Government Representatives
- Trade Representatives
- Arbitrators and Mediators
- International Finance Experts
- Intellectual Property Experts
- Exporters and Importers
- Other related/interested Professionals and Organizations
Yohai Baisburd is a Partner in Dentons' Global International Trade practice. His diverse international trade practice focuses on counseling US and foreign companies, US trade associations and foreign governments in a variety of international trade matters including antidumping, countervailing duty and safeguard actions before the US International Trade Commission, the US Department of Commerce, Mexico’s Secretaría de Economía, China’s Ministry of Commerce, Australia’s Productivity Commission and South Africa’s International Trade Administration Commission; trade litigation before US federal courts, North American Free Trade Agreement bi-national panels and Mexican courts; customs matters (internal compliance programs, fraud investigations, C-TPAT compliance, classification, valuation, country of origin marking and Free Trade Agreement and duty preference program compliance) in the United States, Latin America and Europe; export controls, sanctions and anti-boycott matters; national security controls on investment in US entities, and trade policy issues such as free trade agreement negotiations. Yohai is an accomplished leader in international trade and has been recognized by several ranking publications for his experience and expertise. He currently serves on the Law360 editorial advisory board for International Trade.
Yohai Baisburd is a Partner in Dentons' Global International Trade practice. His diverse international trade practice focuses on counseling US …
Elliot J. Feldman has been National Leader of BakerHostetler’s International Trade Practice for twelve years and is now Senior Partner in the Washington, D.C. office. He represents foreign governments, international organizations, corporations, trade associations, and individuals in international legal and trade disputes, and is recognized in Chambers and in Superlawyers as one of the world’s leading practitioners, valued especially for strategic and innovative solutions to unusually complicated legal problems. He is principal author of BakerHostetler’s Mergers & Acquisitions: A Practical Guide for Non-U.S. Buyers (Wolters Kluwer), published in English and Mandarin, and author or coauthor of seven other books. He graduated with honors from the University of Chicago (B.A.), M.I.T. (Ph.d.) and Harvard Law School. Former director of Harvard’s University Consortium for Research on North America, he contributes frequently now to the BakerHostetler blog on China-U.S. trade and trade policy (www.chinaustradelawblog.com).
Elliot J. Feldman has been National Leader of BakerHostetler’s International Trade Practice for twelve years and is now Senior Partner …
Print and review course materials
Method of Presentation:
NASBA Field of Study:
NY Category of CLE Credit:
Law Practice Management
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
Dentons is a global law firm driven to provide a competitive edge in an increasingly complex and interconnected world. A top 20 firm on the Acritas 2014 Global Elite Brand Index, Dentons is committed to challenging the status quo in delivering consistent and uncompromising quality in new and inventive ways. Dentons' clients now benefit from 3,000 lawyers and professionals in more than 80 locations spanning 50-plus countries. With a legacy of legal experience that dates back to 1742 and builds on the strengths of our foundational firms—Salans, Fraser Milner Casgrain (FMC), SNR Denton and McKenna Long & Aldridge—Dentons serves the local, regional and global needs of private and public clients of all sizes—individuals; entrepreneurs; small businesses and startups; local, regional and national governments, and government agencies; and mid-sized and larger private and public corporations, including international and global entities.
About Baker & Hostetler LLP
One of the largest law firms in the United States, with14 offices coast to coast, BakerHostetler helps clients around the world to address their most complex and critical business and regulatory issues. The firm’s 900 lawyers often work in teams across offices to maximize a full range of skills and legal disciplines. BakerHostetler is perhaps most well known for its role as court-appointed counsel to the Securities Investor Protection Act (SIPA) Trustee in the recovery of billions of dollars in principal lost in the Ponzi scheme perpetrated by Bernard L. Madoff. BakerHostetler is recognized as having one of the country’s top 10 tax practices and leading national and international practices in litigation, data privacy, intellectual property, and an industry-leading middle market business practice. For more information, visit www.bakerlaw.com.