Negotiations for a regional free-trade agreement
for twelve countries, known as TPP or Trans Pacific Partnership, have resumed in Washington.
The six-day working-level meeting, which started on Sunday, follows last month′s APEC summit
in Beijing… in which leaders reaffirmed their will to conclude an agreement as early
as next year. The TPP countries are expected to discuss
outstanding issues such as intellectual property and reform of state-owned firms to establish
fair business competition in areas where developed and emerging economies have been at odds.
The Pacific FTA involves Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New
Zealand, Peru, Singapore, the United States and Vietnam.
South Korea, which is not represented at the talks, announced its interest in participating
in November last year.