5 JULY 2010: Inside US Trade has reported that TPP negotiators will meet in Peru in August to attempt to sort out the architecture of market access schedules. The market access structure will apply to goods, textiles, and agriculture. However, all parties have now agreed to have one set of rules on services, investment, sanitary and phytosanitary rules, technical barriers to trade, government procurement, and IP rules.
Officials have also clarified that previous FTAs within the TPP membership will co-exist alongside any new TPP arrangement. This means that if the TPP were to contain higher standard or more demanding requirements, this would be implemented while existing obligations would be maintained. There will be specific negotiations where an existing FTA and a TPP come into direct conflict.
Ahead of the third round of formal negotiations in October, at which parties are hoping to table draft chapters of the TPP text itself, a source has suggested that some topics, including government procurement and rules of origin, may have specific elements tailored to assist small-to-medium sized enterprises. Making the agreement of more value to these enterprises was one of the main focuses of the San Francisco meeting last month.