Americas and Asia sign Trans-Pacific Partnership agreement

(AGI) Tokyo, Oct 5 - After six days of negotiations, an"extended agreement" was reached among the 12 countriesparticipating in the Trans-Pacific Partnership (TPP), announcedJapan's Prime Minister, Shinzo Abe, after a meeting with hisEconomy Minister, Akira Amari. The Trans-Pacific Partnershipinvolves the United States, Japan, Australia, New Zealand,Canada, Mexico, Peru, Chile, Vietnam, Singapore, Brunei andMalaysia. The agreement, which aims to create the world'slargest free trade area, was later confirmed by Washington'sTrade Representative, Michael Froman. The TPP, like the TTIPagreement being negotiated with Europe, is a project stronglysupported by U.S. President Barack

(AGI) Tokyo, Oct 5 - After six days of negotiations, an"extended agreement" was reached among the 12 countriesparticipating in the Trans-Pacific Partnership (TPP), announcedJapan's Prime Minister, Shinzo Abe, after a meeting with hisEconomy Minister, Akira Amari. The Trans-Pacific Partnershipinvolves the United States, Japan, Australia, New Zealand,Canada, Mexico, Peru, Chile, Vietnam, Singapore, Brunei andMalaysia. The agreement, which aims to create the world'slargest free trade area, was later confirmed by Washington'sTrade Representative, Michael Froman. The TPP, like the TTIPagreement being negotiated with Europe, is a project stronglysupported by U.S. President Barack Obama, who hopes to use itto oblige China to adopt measures on intellectual property andthe protection of investors and thus be more in line with thoseof the world's most industrialised countries. "We can't letcountries like China write the rules of the global economy. Weshould write those rules," the U.S. president said. He went onto guarantee that the agreement will level the playing fieldfor American farmers, breeders and industrialists and givesAmerican workers the rightful chance of success that theydeserve. Anticipating possible controversies in relation to theissue of transparency, the U.S. president assured thatAmericans will have months to read every single word of thetreaty. Negotiations over the TPP pact began in 2008 and seemedto have bogged down last July, when negotiators came out ofthe meeting empty-handed. (AGI).