Monday, January 23, 2017

President Trump Withdraws U.S. Signature from the TPP

U.S. President Donald Trump has signed an Executive Order withdrawing the signature of the United States to the Trans Pacific Partnership ("TPP"). Here is the text of the Executive Order:

Presidential Memorandum Regarding Withdrawal of the United States from the Trans-Pacific Partnership Negotiations and Agreement

MEMORANDUM FOR THE UNITED STATES TRADE REPRESENTATIVE

SUBJECT:              Withdrawal of the United States from the
                                     Trans-Pacific Partnership Negotiations
                                     and Agreement

It is the policy of my Administration to represent the American people and their financial well-being in all negotations, particularly the American worker, and to create fair and economically beneficial trade deals that serve their interests. Additionally, in order to ensure these outcomes, it is the intention of my Administration to deal directly with individual countries on a one-on-one (or bilateral) basis in negotiating future trade deals. Trade with other nations is, and always will be, of paramount importance to my Administration and to me, as President of the United States.

Based on these principles, and by the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby direct you to withdraw the United States as a signatory to the Trans-Pacific Partnership (TPP), to permanently withdraw the United States from TPP negotiations, and to begin pursuing, wherever possible, bilateral trade negotiations to promote American industry, protect American workers, and raise American wages.

You are directed to provide written notification to the Parties and to the Depository of the TPP, as appropriate, that the United States withdraws as a signatory of the TPP and withdraws from the TPP negotiating process.

You are authorized and directed to publish this memorandum in the Federal Register.

DONALD J. TRUMP

If you teach international trade or international business, you will miss the resources previously available on the website for the United States Trade Representative, such as the list of benefits that the TPP would have brought to the United States if it had become a party to that treaty (for example, by eliminated more than 18,000 taxes that other countries impose on exports from the United States). Check for another post here on the International Law Prof Blog for one of those now-missing documents.

(mew)

[Post updated on January 30, 2017 with the text of the statement withdrawing the signature of the United States.]

https://lawprofessors.typepad.com/international_law/2017/01/president-trump-withdraws-us-signature-from-tpp.html

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