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Trans-Pacific Partnership negotiators hold new round of talks ;

June 20, 2011 - VIETNAM

Negotiators at the seventh round of Trans-Pacific Partnership (TPP) talks in Ho Chi Minh City in June hope to wrap up outstanding issues so negotiations can be concluded by the TPP summit in Hawaii in November. The negotiators reported good progress at the sixth round, advancing negotiations on trade issues that include tax competitiveness and supply chain integration. Work still needs to be done on intellectual property rights, e-commerce and environmental issues.The TPP's multi-lateral free trade agreement is aimed at introducing trade standardizations that will integrate the different economic priorities of the nine members -- Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam. It is expected to facilitate more efficient business infrastructure across all participating member countries, and lead in time to an Asia-Pacific Free Trade Agreement (FTAAP).

Negotiators at the seventh round of Trans-Pacific Partnership (TPP) talks in Ho Chi Minh City in June hope to wrap up outstanding issues so negotiations can be concluded by the TPP summit in Hawaii in November. The negotiators reported good progress at the sixth round,advancing negotiations on trade issues that include tax competitiveness and supply chain integration. Work still needs to be done on intellectual property rights, e-commerce and environmental issues. The TPP's multi-lateral free trade agreement is aimed at introducing trade standardizations that will integrate the different economic priorities of the nine members -- Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam. It is expected to facilitate more efficient business infrastructure across all participating member countries, and lead in time to an Asia-Pacific Free Trade Agreement (FTAAP). One of the challenges is negotiating the way around free trade agreements some members have with other countries steering around other regional organizations. Several TPP countries belong to one or more of the following blocs: the Association of Southeast Asian Nations (ASEAN), the ASEAN East Asia Summit (EAS) and Asia Pacific Economic Cooperation group (APEC). The TPP summit will be held on the sidelines of the APEC summit in November in Honolulu. Leaders at last year's APEC summit pledged to have the pact ready by this year's meeting. Some APEC member governments see it as a building block for a free trade area that encompasses all of Asia and the Pacific -; from behemoths China and the United States to tiny Brunei and New Zealand. Slashing tariffs and other barriers to imports and investments, it would cover half the world's commerce and two-fifths of its trade. (WRITTEN Apr 2011)

Asia-Pacific trade deal faces skeptical Americans (AFP 1 Feb 2010)

Australia's participation in Trans-Pacific Partnership Agreement Negotiations (Australia Gov.)

Asia-Pacific trade deal faces skeptical Americans (AFP 1 Feb 2010)

Trans-Pacific Partnership talks make good progress (Channel News Asia 1 Apr 2011)

Date written/update: 2011-06-20