TPP Hits Roadblock in Singapore Meeting

An ambitious 12-nation free trade plan, the Trans-Pacific Partnership (TPP), has hit a new roadblock after four days of negotiations in Singapore.

Sticking points over market access and differences over tariffs on imported goods were the main reasons cited.

TPP members were also aiming to set a common trading standard on a range of issues, including labour regulation and environmental protection.

Negotiators were initially hopeful that a draft deal would be ready in April.

That is when US President Barack Obama is scheduled to visit the region.

A TPP deal at that time would solidify the US pivot to Asia.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza