CANBERRA, Australia (AP) — A trans-Pacific free trade pact could be agreed upon early next year before U.S. presidential election politics get in the way, Australia’s trade minister said Wednesday.
The Trans-Pacific Partnership, or TPP, is aimed at cutting tariffs and setting trade rules, and is central to the Obama administration’s attempt to boost American exports to Asia and re-orientate U.S. foreign policy toward a region of growing economic importance. The pact is seen as a precursor to a future wide free-trade arrangement for the entire Pacific Rim region.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.