Business & Economy

Japan’s budget request asks 61.7 million yen for a CPTPP preparatory secretariat

Japan’s budget request asks 61.7 million yen for a CPTPP preparatory secretariat

Item 175 on the spending schedule Japan’s Ministry of Economy, Trade and Industry filed on 31 August asks for 61,679 thousand yen, or about 61.7 million. It names the recipient: the CPTPP Preparatory Secretariat. A note printed under the item gives a founding year, the financial year that begins in 2027. The column for the previous year is blank.

Twelve countries belong to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Their trade ministers sit as its Commission. Every decision still needs all twelve, the ministers wrote in a joint text on 26 June, so any one of them can stop anything.

Those ministers met in Melbourne on 21 November last year. Paragraph 16 of the text they issued commits them to establish a Unit, giving administrative support in what the text calls the stewardship of the Agreement’s implementation and operation. The same paragraph tells officials to begin work on the Unit’s functions, structure and workplan, and to report to the ministers during 2026. The June text says nothing about the Unit.

A budget request is an opening ask. Japanese ministries file them in August, months before the budget is fixed, and this one covers a year that has not begun. The sum is small against the ministry’s own book. The ministry’s summary of the same filing puts its general-account request at about 453 billion yen, once a new investment frame and a transfer to its energy account are set aside. Item 175 is about 0.014 per cent of that.

On the same schedule, Japan’s contribution to the United Nations agreement on high seas biodiversity rises from 25 million yen to 27 million. The secretariat line is about 2.3 times that. Item 175 sits under the heading the ministry uses for its routine dues to international bodies.

Nikkei Asia reported on 1 September under the headline “Japan seeks to host secretariat for CPTPP trade pact”. Japan will offer to house a proposed permanent secretariat, the report said, and take the lead in widening the pact. Its standfirst describes an administrative unit that would support bids to join, changes to the pact, and talks with other blocs. The byline is Tetta Oike.

The same paper’s Japanese edition, published the previous afternoon, said the government will bring a permanent secretariat to Japan and is ready to raise it with a ministerial meeting in November in view. That meeting could settle the body and its job, the report said. Both reports come from one paper, in two languages.

Vietnam chairs the pact this year. Its state news agency reported in July, citing the trade ministry, that the eleventh Commission meeting is set for Vietnam in November.

The twelve agreed to establish a Unit. Neither their Melbourne text nor the one they issued on 26 June uses the word secretariat. Japan’s schedule uses it, names the body it would pay, and gives that body a founding year. The Japanese report uses a third word, permanent.

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