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Recent Trade News

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Read More News »

 

U.S. Confident of Concluding TPP Trade Pact This Year

By David Brunnstrom, Reuters Aug 11, 2015

U.S. Secretary of State John Kerry expressed confidence on Friday that an ambitious Pacific trade pact could be completed this year and said a recent nuclear deal with Iran proved hurdles in international agreements could be overcome.

Kerry said many challenges remained in thrashing out a Trans-Pacific Partnership (TPP), particularly on issues of autos and dairy, but the United States would do everything in its power to make it happen.

"There are a few remaining issues ... which I am confident will be resolved," Kerry told a news joint conference with Vietnamese Foreign Minister Pham Binh Minh in Hanoi.

"We are hoping very much that over the course of the next couple of months, before the end of the year, TPP can be completed," he said.

The U.S.-inspired TPP is a "mega regional" accord set to cover 12 countries with a combined gross domestic product of $28 trillion, among them Australia and Japan.

Read Full Article on Reuters »