Regarding Japan Prime Minister Shinzō Abe’s announcement that the country will seek entry into the Trans-Pacific Partnership (TPP) negotiations, Thomas J. Donohue, U.S. Chamber of Commerce President and CEO, issued a statement last Friday, welcoming Japan’s interest in TPP partnership. “A comprehensive, ambitious, and enforceable market-opening TPP has the potential to reignite economic growth and job creation in the U.S. and in other TPP nations. It would underscore the continuing strength of U.S. engagement in the Asia-Pacific region,” the statement says.
As said in the statement, the Chamber welcomes Prime Minister Abe’s statement of Japan’s intent to seek entry. As the world’s third largest economy and a vital trade partner of the United States, Japan’s participation on the right terms would be a game-changer for the negotiations. If Japan is ready to engage in the negotiations on the same terms as the other participants and ongoing consultations yield progress on outstanding concerns with the U.S., then its goal of becoming a TPP partner should be considered favorably.”
However, the statement also stresses that it is vital that Prime Minister Abe’s positive announcement be followed by a strong and sustained commitment to market-opening reforms and a willingness to put all issues on the table in the negotiations, as the other TPP partners have done. The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.