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Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
@CoppetainPU
Jun 2, 2021 • 10 tweets • 10 min read • Read on X
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So, the 11 members of the Comprehensive and Progressive Agreement Trans-Pacific Partnership (#CPTPP) have agreed to start negotiations for the UK to accede.

Many others have commented. I won't repeat them. Just a few points to consider

1/9 reuters.com/world/uk/trans…
The statement mti.gov.sg/-/media/MTI/Mi…

Starting negotiations with the UK is only one part. The statement ends with: ministers and senior officials “hope that those Signatories for which the CPTPP has yet to enter into force will ratify the Agreement as soon as possible”

2/9
What are the #CPTPP’s rules on accession?

The accession candidate (here the UK) must be “prepared to comply with the obligations in this Agreement”, although negotiation is envisaged. Final approval is needed by each of the countries concerned.

3/9 mfat.govt.nz/assets/Trade-a…
Some CPTPP members consulted their public on the principles of accepting new members.

Canada—generally positive but some concerns about cultural issues and with one province wanting ambitious market access while preserving supply management:

4/9 international.gc.ca/trade-commerce…
(Note in 4/9 ⬆️ that apparently no one expressed an opinion on investor-state dispute settlement.)

Canadian respondents ranked the UK fourth in priority among candidates, after Thailand, Taiwan and South Korea

5/9 international.gc.ca/trade-commerce…
New Zealand also invited public comment on new countries joining the #CPTPP but apparently the results have not been published yet

6/9 mfat.govt.nz/vn/trade/free-…
The UK government also consulted the public on joining the #CPTPP in 2019 (Liam Fox was International Trade Secretary): gov.uk/government/con…

76-page results: assets.publishing.service.gov.uk/government/upl…

Market access, vulnerable sectors, protecting standards, NHS, intellectual property, etc

7/9
What are the main features of #CPTPP? These are summarised by each government usually with a focus on domestic interests. In English:

New Zealand mfat.govt.nz/vn/trade/free-…

Canada international.gc.ca/trade-commerce… ⬇️ and international.gc.ca/trade-commerce…

Singapore enterprisesg.gov.sg/non-financial-…

8/9
Finally, the actual agreement (30 chapters), side instruments (26!), Annexes (approx 100!!) and various documents.

New Zealand is the official depository. All texts are here: mfat.govt.nz/vn/trade/free-…

Singapore conveniently puts newest at the top mti.gov.sg/Improving-Trad…

9/9
PS. The WTO Secretariat does factual summaries of trade agreements for members to consult in the Regional Trade Agreements Committee.

This is the report on #CPTPP (H/T @RodrigoPupo3)

docs.wto.org/dol2fe/Pages/S…

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More from @CoppetainPU

Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
Jun 9, 2022
🧵 On Sunday, the much-postponed 12th WTO Ministerial Conference #MC12 starts.

Here is another curtain-raiser, with @BobWolfeSPS

@wto Director-General @NOIweala believes it will be a success.

But what does “success” mean?

1/11 tradebetablog.wordpress.com/2022/06/09/tou…
“Many gaps remain but we are making progress,” @NOIweala told members on Tuesday Jun 7

“The success of this whole endeavour is in our hands. Let us deliver. The people outside are waiting for us and, believe it or not, I really think we will do it.”

2/11 wto.org/english/news_e…
Fingers crossed, there might even be a deal on fisheries subsidies, she and the talks’ chair @WillsSantiago said.

But despite “cautious optimism” WTO spokesperson Dan Pruzin warned journalists to expect ministers to meet late into the night at #MC12

3/11 tradebetablog.wordpress.com/2022/06/09/tou…
Read 12 tweets
Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
May 29, 2022
Was it worth the time looking at the UK’s big deal with Indiana? The one the government hails as a “milestone” and the minister calls a “US trade deal”?

They wants us to take it seriously. So I did. Let’s say I did it so you don’t have to.

1/8 tradebetablog.wordpress.com/2022/05/29/mil…
TL:DR it's not a trade agreement.

It's a memorandum of understanding, a non-binding statement of intent.

The only trade barrier that might get tackled is govt procurement.

Indiana's state-level entities have no commitments on procurement in the WTO

2/8 tradebetablog.wordpress.com/2022/05/29/mil…
Indiana “will actively work towards” (not a commitment) treating UK suppliers the same as suppliers from other US states except those neighbouring Indiana.

“That’s the weirdest MFN clause I’ve ever seen,”—@Lorand_Bartels

3/8 tradebetablog.wordpress.com/2022/05/29/mil…
Read 10 tweets
Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
May 27, 2022
“Agreement with Indiana marks milestone in UK’s trade with the US”—the UK government proclaims

Read on

It's a memorandum of understanding on what the UK and Indiana want to develop in their trade and economic relations. That stretches the meaning of “agreement” quite a lot

1/9
Good question⬇️. Short answer: no

So, all we know is what the UK government press release says.

2/9
This is what it says:

“The MoU creates a framework to remove barriers to trade and investment, paving the way for UK and Indianan businesses to invest, export, expand and create jobs.”

Remember: all major trade barriers are handled in Washington

3/9 gov.uk/government/new…
Read 10 tweets
Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
May 22, 2022
It’s been clear for some time that WTO members are unlikely to agree on anything substantial on agriculture—despite declaring it a priority—when their ministers meet in Geneva Jun 12–15

Information from trade sources on a meeting last Thu May 19 reinforce that assessment🧵

1/11
The focus has changed in recent months—the Ukraine war has increased concerns about food security.

But the best binding decision that can be expected is to exempt the World Food Programme’s humanitarian purchases from export restrictions—still opposed by India & Tanzania.

2/11
Expect some non-binding/“best-endeavour” statement on food security, eg, the UK-led proposal⬇️, which draws on familiar themes of keeping supplies flowing, increasing transparency, minimising market disruption.

Even transparency is a problem…

3/11 docs.wto.org/dol2fe/Pages/S…
Read 11 tweets
Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
May 20, 2022
Another day, another WTO topic where members find themselves under pressure to reach agreement within days.

Today: fisheries subsidies, at the end of a “Fish Week” of talks in various formats on curbing harmful subsidies that encourage overfishing.

1/8 tradebetablog.wordpress.com/wto-fish-talks…
Chair @WillsSantiago briefed the media after a stock-taking meeting of the membership.

Sandwiched between plenaries Mon and Fri, were sessions in various formats. Wills said 30-40 delegations were involved in each of those sessions, total about 50.

2/8 tradebetablog.wordpress.com/wto-fish-talks…
@WillsSantiago said the talks were constructive with good signals that need to be turned into agreement.

He announced a “Fish Decision” week from May 30, giving members a fortnight to resolve their differences.

3/8 tradebetablog.wordpress.com/wto-fish-talks…
Read 8 tweets
Peter Ungphakorn (also @coppetainpu.bsky.social) Profile picture
May 19, 2022
WTO members on all sides were urged today to sort out their reservations over the proposed compromise, so that a deal on waiving some intellectual property protection for COVID-19 can be struck by the Jun 12-15 Ministerial Conference, trade sources say.

1/14 #TRIPSwaiver
In an informal meeting of the WTO intellectual property (TRIPS) council, Director-General @NOIweala said WTO members have no option but to produce a result for the #MC12 Ministerial Conference, even if that means negotiating round the clock, the sources said.

2/14
Today's meeting was held to take stock of the first two days of real negotiations on the compromise text⬇️, on Mon&Wed, May 16&18. During those sessions, @NOIweala urged delegates to be prepared to compromise: "the perfect is the enemy of the good"

3/14 tradebetablog.wordpress.com/text-g4-trips-…
Read 15 tweets

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