Australia Says TPP Could be Reached by Year End

Australian Trade and Investment Minister Andrew Robb said Tuesday it is possible for a basic agreement to be reached in Trans-Pacific Partnership free trade talks by the end of this year if participating countries demonstrate their political will.

Speaking at symposium in Washington, Robb said they face “political pressures at home.”

In talks with reporters after the symposium, Robb indicated that progress has been made in the trade talks among the 12 participating countries saying that the landing zone is “pretty clear” for 90 percent of the negotiations.

But he added there are difficulties for the remaining 10 percent.

Tariff issues for agricultural products are “a sticking point,” Robb said, referring to the stalemated bilateral farm tariff talks between Japan and the United States.

The 12 countries are considering holding a ministerial meeting in Australia late this month to try to reach a broad accord in November

via Japan News

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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