Tariffs and Intellectual Property To Be Discussed on TPP Trade Talks

Countries involved in the Trans-Pacific Partnership free trade talks will tackle contentious issues including tariff removal and intellectual property rights on the third day of a ministerial conference Monday in Singapore.

On the margin of a plenary session, Tokyo and Washington are seeking to solve outstanding bilateral issues of whether Japan can retain tariffs on its sensitive farm goods and the phase-out period of U.S. auto duties. But a Japanese minister attending the four-day conference through Tuesday said more working-level bargaining needs to be done before bringing the issues to the ministerial level.

Akira Amari, Japan’s minister in charge of the TPP, and U.S. Trade Representative Michael Froman held bilateral talks over the issues on Saturday.

Holding ministerial talks without enough preparation is “not necessarily a good idea,” Amari told reporters Monday morning, suggesting that many differences remain between the two sides.

“We need to know (before setting up next ministerial talks) that we won’t end up having the same results” as the previous bilateral meeting, he said.

via Mainichi

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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