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Trans-Pacific Partnership negotiation kicks off

Trans-Pacific Partnership negotiation kicks off

Author: SuperUser Account/Friday, January 16, 2015/Categories: News on the relationship

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The negotiators, also from Australia , New Zealand , the US , Singapore , Chile , Brunei , and Peru are expected to seat for four days, focusing their discussions obstacles in services, e-trade and green technology facing their businesses.

According to Australian Trade Minister Simon Crean, the TPP negotiation is very important as the pact will pave the way toward a long-term goal of a free trade area for the Asia-Pacific region.

The TPP will help strengthen economic integration within the region and work to support the Doha talks, which remain trapped in difficulties, said the Australian minister.

The TPP talks are expected to have four rounds of negotiation in 2010, with the next round scheduled for June.

The nations taken part in the Trans-Pacific Partnership talks are home to 470 million people and have a combined GDP of 16.2 trillion USD./.

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