Japan sees current TPP talks as key to final stage by year-end

OTTAWA —

Current trade talks in Ottawa between Japan, the United States and 10 other Pacific rim countries are key to advancing the planned Trans-Pacific Partnership (TPP) to its final stage by year-end, Japan’s chief negotiator said.

U.S. President Barack Obama said on June 20 his aim was to have a free-trade draft he could take to meetings with other leaders in November, and Japanese negotiator Koji Tsuruoka also referred to a late-2014 goal.

“I understand that this meeting in Ottawa will be a very important step to bring the TPP to the final stage towards the end of the year,” Tsuruoka told reporters in Ottawa on Saturday.

Frustrated by the lack of progress in global talks at the World Trade Organization, the 12 Pacific countries involved are trying to come up with a regional pact, one which nonetheless could still get bogged down over issues like Japanese farm tariffs.

Tsuruoka said the United States and Japan made “huge progress” on auto and agricultural trade issues when Obama visited Tokyo in April, and they would continue negotiations after the multilateral TPP session in Ottawa wraps up on July 12.

He said it was “a little too high a goal” to hope the Ottawa talks would solve all the TPP issues remaining.

Besides the United States and Japan, the other countries are Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. 

(c) Copyright Thomson Reuters 2014.

  • 1

    warispeace

    It's interesting that many of these countries have rather large and growing income and wealth gaps. Obviously their democratic processes are not working and the elite can buy off politicians and change the rules of exchange for their continued advantage. The TPP is basically a document written by and for huge corporations in secret and there has been little or no input from the civil groups and social organizations we rely on to counter or slow down neoliberal globalization. Obama, as we might have expected, is busy doing the bidding of corporate lobbyists, though he ran on a campaign lie to eliminate their influence.

  • 4

    gokai_wo_maneku

    That's what they said last year.

  • 1

    wtfjapan

    *Japan sees current TPP talks as key to final stage * well cut tarriffs on agriculture and stop wasting everybodys time, if not get out of the TPP or better still get kicked out!

  • 0

    yokatta

    Get this show on road!

  • -3

    FizzBit

    TPP-Total Population Pacification

  • -2

    jerseyboy

    Give Japan the boot and get on with it.

  • -1

    nec123a

    easy way to get these talks moving towards something useful would be to turf Japan out on their rear-ends. The restrictions they want to bring with Japan's chronically inefficient agriculture sector makes including Japan a nonsense. Send Japan packing and get on with the TPP!

  • 0

    B.B.Q.Demon

    Either Japan gets (or is kicked) out, or the TPP will never happen. And why the long time period for things to kick in? Lots of this stuff is like 20 years down the road, even if the TPP got approved tomorrow.

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