THIS IS AN ARCHIVED SITE
This site contains information as of January 19, 2017. Click HERE to go the CURRENT Trade.gov Website.
facebook twitter Blog LinkedIn email youtube   

« TPP Home
automotive
Building Products
Chemicals
Consumer
energy
fish
forest products
health
Information and Communication Tech
machinery
metals
service
textiles
transportation
australia
brunei
canada
chile
japan
malaysia
mexico
New Zealand
peru
singapore
vietnam
download report

share

 BRUNEI
 Trans-Pacific Partnership

Brunei is a Key U.S. Export Market

  • Brunei's economy is valued at $11.8 billion*
  • $133 million in goods in 2015 were exported from the United States to Brunei
  • 634 U.S. companies exported goods to Brunei in 2014 – 65.8% were small and medium-sized companies
  • 688 U.S. jobs supported by goods exports to Brunei and 472 jobs supported by services exports to Brunei in 2015

TPP Will Eliminate All Foreign Import Taxes on Industrial and Consumer Goods in the Top Export Sectors in Brunei for U.S. Exporters

Before TPP

After TPP

Transportation Equipment

$37 Million
In Exports
To Brunei

5% Current Maximum Tariff in Sector


100%
of U.S. Goods Exports will be Duty-Free Immediately in Brunei

Machinery


$21 Million
In Exports
To Brunei

20% Current Maximum Tariff
in Sector


80.5%
of U.S. Goods Exports will be DutyĖFree Immediately
in Brunei

Information and Communication Technologies

$11 Million
In Exports
To Brunei

20% Current Maximum Tariff
in Sector


84.3%
of U.S. Goods Exports will be Duty–Free Immediately
in Brunei

Energy
Products

$10 Million
In Exports
To Brunei

5% Current Maximum Tariff
in Sector


97.3%
of U.S. Goods Exports will be Duty–Free Immediately
in Brunei

Building Products


$226 Million
In Exports
To Brunei

20% Current Maximum Tariff in Sector


74.8%
of U.S. Goods Exports will be Duty-Free Immediately in Brunei


TPP Works for America

2,991,102:

Jobs Supported by Goods Exported to TPP countries in 2015
$679.6 Billion:

2015 Total
U.S. Goods
Exported to
TPP Countries
174,331:

U.S. Companies
Exported Goods to
TPP Countries in 2014
97%:

SME share of U.S. Goods-Exporting
Companies to TPP Countries in 2014
30%:

SME share of U.S. Goods Exports to TPP Countries in 2014

Market Opportunity Spotlights

Medical Device Regulatory Coherence:

TPP provides a unique opportunity to improve medical device regulatory coherence in TPP member countries, potentially leading to greater U.S. exports. For example, Brunei does not have a medical device regulatory regime currently in place. Under TPP, Brunei has committed to using transparent, non-discriminatory rules to develop technical regulations; using internationally developed medical device guidance documents when writing those regulations; and aligning these regulations with those found in other countries. In 2014, the United States exported $8 million in medical devices to Brunei; market opportunities there should increase significantly once Brunei adopts an internationally consistent medical device regulatory regime, allowing the country to provide more life-enhancing and life-extending medical technologies for its citizens.

Information and Communication Technology (ICT):

Bruneiís ICT Industry is driven both by government intervention and consumer demand, and continues to grow. Bruneiís market is very dependent on imports and U.S. products are traditionally well-received. There are more mobile telephones in Brunei than residents and over 70% of the population has access to the Internet. The ICT sector has been identified as a potential area for economic diversification and the government of Brunei is seeking to increase the ICT sectorís contribution to the GDP of Brunei. The best prospects within the ICT sector are government projects including software development and data centers.

* 2015 Nominal GDP
** TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
*** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

 


 

 

divider

The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. A PDF reader is available from Adobe Systems Incorporated.