On December 14, 2009, United States Trade Representative Ron Kirk notified Congress that President Obama intends to enter into negotiations of a regional, Asia-Pacific trade agreement, known as the Trans-Pacific Partnership (TPP) Agreement with the objective of shaping a high-standard, broad-based regional pact. The TPP will help to expand American exports, saving and creating good jobs here at home.
The TPP will build upon the United States’ existing trade agreements with Australia, Canada, Chile, Mexico, Singapore, and Peru and will forge new opportunities to U.S. exports of goods and services to Brunei, Malaysia, New Zealand, and Vietnam.
To date, negotiators have concluded 15 rounds of negotiations. The 16th round is scheduled for March 2013 in Singapore.