U.S. to Begin Negotiations To Enter TPP: The Largest Since NAFTA
OPS_admin | Dec 20, 2009 | Comments 0
The Obama administration on Tuesday, in a letter to congressional leaders, announced its intention to move forward with a massive free trade agreement that would be the largest since the North American Free Trade Agreement.
U.S. Trade Representative Ron Kirk said in a letter that the U.S. plans to begin negotiations to enter into the Trans-Pacific Partnership.
The TPP is currently comprised of Brunei, Chile, New Zealand and Singapore. Vietnam and Australia are in negotiations to enter the free trade zone. In addition, Kirk said that he would eventually like to see Japan, Malaysia, Peru and South Korea enter the fold as well.
“U.S. participation in the TPP agreement is predicated on the shared objective of expanding this initial group to additional countries,” Kirk wrote.
The U.S. currently has bilateral trade agreements with Chile, Peru, Singapore and Australia as well as a negotiated but yet-to-be-ratified deal with South Korea.
Full Story U.S. to Begin Negotiations To Enter TPP | Economy In Crisis.
Filed Under: Foreign Policy
