Japan to Expand Trade by Joining TPP

Japanese Foreign Minister Fumio Kishida said Monday that Tokyo will strive to “boldly” expand free trade through its envisioned participation in negotiations toward the multinational Trans-Pacific Partnership trade liberalization pact.

In a speech on Japan’s engagement in Latin America during his visit to Mexico City, Kishida stressed Japan’s intention to seek mutual prosperity by forging stronger ties with Latin American countries, which are undergoing rapid economic growth.

Meanwhile, he agreed with Mexican Foreign Secretary Jose Antonio Meade and Secretary of Economy Ildefonso Guajardo in separate talks to strengthen bilateral coordination in the TPP negotiations, which Japan is expected to join in July and which participating countries are aiming to conclude by the end of this year, Japanese officials said.

Japan will follow Mexico and Canada as late entrants in the talks involving 11 countries now.

The countries already engaged in TPP negotiations — Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam — are considering holding talks in late July in Malaysia.

via Mainichi

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