The Secretary of Economy, Ildefonso Guajardo Villarreal, concluded its participation at the Meeting of Trade Ministers of the Trans-Pacific Partnership Agreement (TPP, for its acronym in English), held in Maui, Hawaii, from 28 to July 31, 2015.
After a week of productive meetings, the ministers of the 12 countries, participants in the TPP, made substantial progress in most of the outstanding issues in the negotiations. The ministers also agreed to continue working on the small number of outstanding issues in the coming weeks, in order to seek to conclude the TPP negotiation process as soon as possible.
During these meetings, the Secretary Guajardo reiterated the importance of continuing to seek synergies to achieve substantial progress on issues of high complexity, particularly in specific areas of critical interest to Mexico on market access for goods, rules of origin and intellectual property. To this end, the Secretary called on countries involved in these issues to exercise their leadership to find solutions, indicating that Mexico will do its part.
In the framework of this meeting, the Secretary of Economy held bilateral working meetings with their counterparts from Australia, Canada, Chile, United States, Japan, New Zealand and Vietnam, among others, with whom he exchanged points of view in order to solve the pending issues in the negotiation.
The ministerial meeting was preceded by intense meetings of technical groups, which began on July 23, 2015 and will continue through August 3rd.
The TPP is a platform to promote trade and encourage the commercial integration of Mexico in the Asia-Pacific region, which represents one of the most dynamic and fastest growing industrial parks in the world.
The 12 member countries of the TPP participate with 36% of the global Gross Domestic Product, 25% of trade, 28% of attracting Foreign Direct Investment (FDI) and 11% of the world population. In itself, this initiative is an important engine for the economic development of its members.
Accompanying the Mexican productive sector through the so-called "Room Next Door" has been fundamental in pointing out interests and / or sensitivities of the sectors involved and ensure that they be considered in developing the positioning of Mexico.
Currently, the TPP has 12 members: Australia, Brunei Darussalam, Canada, Chile, United States, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.