TPP Members to Meet in Hanoi Next Month

Countries involved in the Trans-Pacific Partnership free trade initiative will hold a working-level meeting in Hanoi next month, Japanese government officials said Monday.

Chief negotiators from the 12 TPP member economies are also expected to meet during the 10-day negotiations starting from Sept. 1, aiming to bridge gaps over remaining issues such as intellectual property rights and reform of state-owned firms, and set the stage for a ministerial meeting, the officials added.

The fresh round of working-level negotiations in the Vietnamese capital follows a meeting of TPP officials held in July in Ottawa, Canada. In Hanoi, the 12 countries are also expected to engage in bilateral talks on tariff issues — another difficult area.

The TPP negotiating members initially sought to strike a deal by the end of last year, but they are still struggling to find common ground on the contentious issues.

U.S. President Barack Obama said earlier that Washington envisions the 12 countries producing a document on the initiative in time for his trip to Asia in November, as he rushes to secure an outcome before U.S. midterm elections also slated for November.

The TPP members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

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