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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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