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|MEXICO CITY Quintin Demps Limited Jersey , Oct. 12 (Xinhua) -- Mexico's export markets in the United States and Canada will be endangered by the newly achieved controversial Trans-Pacific Partnership (TPP) trade deal, a Mexican economic official said Monday.
The agreement threatens to take a bite out of Mexico's trade with its two main commercial partners, the United States and Canada, said Julio Rodriguez, vice president of foreign trade and international affairs at the National Chamber of Transformation Industries (Canacintra) Kendall Wright Limited Jersey , in an interview with Mexico's MVS news radio station.
Having signed with the two countries in 1994 to become a member of the North American Free Trade Agreement (NAFTA), Mexico had little choice but to continue to build on that partnership via the TPP, Rodriguez said. [ "We were used to being its (the United States') only dance partner," said Rodriguez, noting that the TPP changes the rules of the game by inviting East Asian countries to compete with Mexico to supply the North American market.
"We have to prepare ourselves for a new party where Mexico is no longer the United States' only suitor Mike Glennon Limited Jersey ," he said.
Currently, as much as 82 percent of Mexico's exports go to the United States and Canada, Rodriguez said. "That is our market and that is what is at stake."
The TPP, largely led by the United States and Japan, was signed on Oct. 5 in the U.S. city Atlanta by Canada Eddie Goldman Limited Jersey , Mexico, Chile, Peru, Australia, New Zealand Kevin White Limited Jersey , Singapore, Malaysia, Vietnam and Brunei, as well as its two main sponsors.
The wide-ranging free-trade agreement is expected to go into effect in two years between the 12 Pacific Rim nations.
Mexico's textile, sugar and auto parts industries Cody Whitehair Limited Jersey , just to name a few, are set to compete against Vietnam, Australia and Japan, respectively, Rodriguez said.
The U.S. market has been the biggest for Mexico's auto parts export Leonard Floyd Limited Jersey , but "Japan is looking to get a bigger piece of that pie," Rodriguez said.
Vietnam and Malaysia are also going to be selling more to the United States, he said. "We need to focus not on exporting more, but on not losing what we have already gained."
Rodriguez said industrial sectors should begin preparing for the increased competition by becoming familiar with the contents of the TPP, which have yet to be made public.
The contents will only be released to their respective legislatures before lawmakers vote to approve or reject the treaty Eddie Jackson Limited Jersey , which cannot be amended.
Spotlight: More transparency on controversial TPP urged
SANTIAGOWASHINGTONWELLINGTON, Oct. 7 (Xinhua) -- More transparency concerning the newly achieved controversial Trans-Pacific Partnership (TPP) has been urged by countries, organizations and politicians.
In Mexico, senators from all three leading opposition parties, from both the right and the left Tarik Cohen Limited Jersey , complained that the TPP's contents "remained a secret and the nation's senate had been shut out of the negotiations," Mexican daily La Jornada reported on Tuesday. Anger over TPP deal as New Zealand still awaits full details
WELLINGTON, Oct. 7 (Xinhua) -- New Zealand's main opposition political party said Wednesday it will not be bound by the controversial 12-nation Trans-Pacific Partnership (TPP) if it comes to legislating on property ownership.
The Labour Party said it would reserve the right to legislate in the best interests of New Zealanders, as opposition politicians and critics of the newly-signed deal tried to assess its impacts. Full story >>>
Brazil's industry group concerned with TPP impact on production
BRASILIA, Oct. 6 (Xinhua) -- Brazil's National Confederation of Industry (CNI) Tuesday said it was concerned the Trans-Pacific Partnership (TPP) could potentially harm the nation's productive sector.
The CNI said in a statement that the deal could shrink markets for Brazilian goods among the 12 member states of the TPP Adam Shaheen Limited Jersey , which on Monday signed the free trade agreement after years of negotiation. It now goes to their legislatures, where it must be ratified before taking effect.
OTTAWA， April 13 (Xinhua) -- Regulatory barriers instead of tariffs or quotas are the biggest threat to Canada's trade， said a report released on Wednesday by the Canadian Chamber of Commerce.
The report， entitled Canada's Next Top Trade Barrier: Taking International Regulatory Cooperation Seriously， shed a harsh light on current issues surrounding regulatory cooperation between Canada and its trading partners and provides the federal government with a series of recommendations for improving Canada's regulatory regime.
"Canadian companies are losing millions of dollars adjusting to minute regulations in other jurisdictions， a situation that undermines Canada's competitiveness and must be resolved，" said the report.
One of the key elements that comes out of this report was that regulatory barriers don't happen during deals between nations -- they start right here at home， with domestic policies， said Perrin Beatty， president and CEO of the Canadian Chamber of Commerce.
Canada is moving along nicely on trade agreements， which contribute to reduced tariffs on trade. But Beatty said "if companies are still facing insurmountable or very expensive regulatory barriers， we haven't advanced much at all."
The report showed that companies looking to import or export currently need to spend on hiring the expertise to scope out and learn about the regulations in foreign markets， also known as information costs.
In most cases， Canadian companies need to pay adjustment costs to have their product meet foreign standards. Finally， they also need to spend on conformity assessment costs to prove to foreign regulators that their products are now up to par.
The report said the differences create an artificial trade barrier that some companies just cannot overcome.
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