The United States Made Further Progress In The Tenth Round Of The TPP.

2011/12/14 9:06:00 14

Further Progress Has Been Made In The Tenth Round Of The Pan Pacific Partnership (TPP) Round.

Recently, the United States and its TPP partners - Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam - concluded the tenth round of negotiations in Kuala Lumpur, Malaysia, and made further progress in the negotiations on the comprehensive and next generation trade agreements.

The United States is seeking to stimulate American economic growth through this agreement, creating and maintaining the United States' exports to a certain region.

High-quality

Job opportunities in the region are huge for American workers, manufacturers, farmers and ranchers.

potential

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TPP leaders held nine teams in Malaysia after the successful Honolulu conference in mid November.

Meeting

At the meeting, they announced a general outline of the agreement and instructed the negotiators to redouble their efforts to reach an agreement.

Small negotiations this week include only selected negotiating teams, including rules of origin, services, investments and intellectual property rights.

Some groups held negotiations on tariff schemes for industrial products, agricultural products and textiles, and they held bilateral meetings.

All negotiations have made progress, narrowing the gap between legal texts and market access issues.

In addition, the chief negotiators held a meeting to discuss a roadmap before the agreement was reached quickly.

They made detailed work plans, inter sessional activities and other necessary measures for the more than 20 negotiating groups.

The environment group will hold a meeting in late January, and other negotiating groups are considering the date of the meeting in the coming months.

The United States will hold bilateral talks with some TPP partners in the next two months. Before the next round of Australia's negotiations in early March, the United States will make further progress with some TPP partners in legal texts and tariff schemes.