Froman Hints at Indonesian TPP Accession in Investment Summit Remarks
The U.S. will “continue sharing” the details of the Trans-Pacific Partnership with Indonesia and other countries across the globe that are interested in accession, U.S. Trade Representative Michael Froman told a U.S.-Indonesia investment summit on Oct. 26. His remarks (here)…
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come three weeks to the day after the 12 total TPP parties wrapped up negotiations (see 1510050020). “Having just concluded the [TPP] negotiations, I know there is renewed interest in how TPP’s high standards might be expanded across more of the region,” said Froman. “As we’ve said from the beginning, TPP is intended to be an open platform to which other countries who are able and willing to meet its standards, can potentially accede. It’s a way of revitalizing trade liberalization and setting high standards, not just among the 12 countries, but more broadly, across the region and throughout the world.” In his remarks, however, Froman pointed out a range of trade barriers the Indonesian government continues to administer, from import licensing restrictions to localization barriers.