Can the U.S. Negotiate a High-standard TPP

From 30′–38′ was the remark made by Steve Lamar, Executive Vice President of the American Apparel and Footwear Association (AAFA). From the view of the U.S. apparel industry, TPP will help diversify the import sources, promote export (note: AAFA members “produce everywhere and sell everywhere in the world”) and facilitate regulatory coherence of trade regulations. Steve hoped that the TPP outcome will be: 1) useable and relevant to the business community, not only for today, but also for the next 20 years; 2) can provide flexibility for AAFA members in implementing their supply chain strategy in today’s global economy.  Steve also believes that complication is the largest obstacle for the TPP negotiation, given the increasing number of countries getting involved and so many agendas included.

Other distinguished speaker in the event include Barbara Weisel, Assistant U.S. Trade Representative for Southeast Asia and the Pacific. Barbara summarized the TPP history, the perspectives from the USTR and latest negotiation updates, very informative.