Trade expert Peter Clark is in Atlanta, Georgia, where he is monitoring the talks at the Trans Pacific Partnership Ministerial meeting.
Atlanta, Georgia – Ministers in Atlanta seem determined to close the unending negotiations on the Trans Pacific Partnership agreement by Saturday this week. The odds are now 60/40 that Ministers will not need to reconvene in November.
There are still important issues to be resolved. Trade negotiations have become increasingly complicated and nothing is concluded until the very last minute. Negotiators must be satisfied that there is nothing else to be extracted.
The Automotive deal is done, or at least essentially done, settling the key outstanding issue. With automotive rules of origin settled, pressure on other players to compromise will intensify.
I expect the other differences will fall like dominoes.
Then what happens?