Trans-Pacific Partnership (TPP) News

House, Senate Committees Pass Trade Authority Bills

Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama’s strategic shift toward Asia. Democrats and …

Obama, Insurers Welcome Bipartisan Trade Authority Measure

The White House would get its desired clarity of authority to negotiate a Pacific trade agreement while lawmakers would get the right to set negotiating parameters and to have a yes-or-no-vote on such pacts under a bipartisan proposal unveiled Thursday. …

Pacific Trade Partners Working on Final Stages for Agreement: U.S. Official

Pacific Rim trading partners are working to resolve the last thorny issues in sealing an ambitious free trade pact and are likely to have further high-level talks next month, a senior U.S. trade official said on Wednesday. Acting Deputy U.S. …

TPP Trade Pact Misses Deadline as More Talks Planned for January

Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal. “We identified potential landing zones for the majority of key outstanding issues in the text,” U.S. Trade Representative Michael Froman …

WTO Overcomes Last Minute Hitch to Reach First Global Trade Deal

The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add …

U.S. Presses Japan to Open Insurance, Auto Markets

The United States urged Japan on Monday to open its auto and insurance markets more to foreign companies as the two countries pursue bilateral talks linked to a broader free-trade agreement that covers two-fifths of the globe. The United States …

U.S.-Led Trade Talks Gain Heft, Complexity, as Japan Joins

Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can prise open sensitive sectors such as farm goods and state-linked firms. Tokyo’s …

China to Study Possibility of Joining U.S-Led Trade Talks

China will study the possibility of joining the Trans-Pacific Partnership (TPP) trade talks, the Commerce Ministry said on Thursday, signaling its openness to the U.S.-led trade pact. “We will analyze the pros and cons as well as the possibility of …

Japan, U.S. Agree on Tokyo Joining Trans-Pacific Trade Talks

Japan and the United States have agreed on a deal to allow Tokyo to join talks on a U.S.-led Asia-Pacific free trade pact that Prime Minister Shinzo Abe is making a keystone of his strategy to open Japan’s economy and …

U.S. Aims to Reshape World Trade Rules with Regional Pacts Says VP Biden

The United States hopes to use a proposed regional free trade agreement in the Asia-Pacific and another with the European Union to reshape global rules for trade, Vice President Joe Biden said on Friday. “Our goal is for high standards …