Obama Pushes Nine-Nation Trade Deal Hoping for Japan, China |
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November 8th, 2011
President Barack Obama, working to put his own stamp on the rules of international trade, is pursuing an agreement with eight Pacific nations and looking beyond them to the prospects for adding Japan and China. Obama and leaders of nations from Chile to Vietnam will report on their efforts to forge a Trans-Pacific Partnership on the sidelines of the 21-nation Asia-Pacific Economic Cooperation conference in Honolulu this weekend.
President Barack Obama, working to put his own stamp on the rules of international trade, is pursuing an agreement with eight Pacific nations and looking beyond them to the prospects for adding Japan and China.
Obama and leaders of nations from Chile to Vietnam will report on their efforts to forge a Trans-Pacific Partnership on the sidelines of the 21-nation Asia-Pacific Economic Cooperation conference in Honolulu this weekend.
An accord among the Pacific rim nations would be the first trade deal that Obama signed rather than inherited, and the biggest for the U.S. since the North American Free Trade Agreement with Canada and Mexico that took effect in 1994. The administration has ambitions to make it still bigger, according to U.S. Trade Representative Ron Kirk.
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