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Australia welcomes Japan's decision on TPP

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The Hon Dr Craig Emerson MP Australian Minister for Trade and Competitiveness Australia welcomes Japan's decision on TPP Media release

11 November 2011

Trade Minister Craig Emerson today warmly welcomed Japan's interest in joining talks on the Trans-Pacific Partnership

Agreement (TPP).

The inclusion of Japan would create a regional market around 40 per cent bigger than the size of the European Union.

Dr Emerson said Australia was looking for a comprehensive, high-quality TPP agreement.

This will be essential in ensuring the agreement is in Australia's national interest.

"Australia looks forward to working with Japan, and our current TPP partners, to bring them into the negotiations," Dr

Emerson said.

"Having the world's third-largest economy commit to such an ambitious project would be an extremely positive

development," he said.

"It is especially encouraging coming so soon after the natural disasters which caused so much human suffering and

economic damage to Japan," Dr Emerson added.

Dr Emerson said the TPP had the potential to form a building block for free trade across the Asia-Pacific region.

"And it will contribute to Australia's efforts to achieve global trade liberalisation," he said.

Dr Emerson said the Australian Government would continue to consult closely with business, unions and community

groups in developing its position on various aspects of the TPP.

The TPP is more than a traditional trade agreement; it will also deal with behind-the-border impediments to trade and

investment. Present TPP parties are Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the United

States and Vietnam.

Media enquiries

Minister Emerson's Office: (02) 6277 7420 ■

DFAT Media Liaison: (02) 6261 1555 ■

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