Chile upbeat on Pacific trade deal, urges Canada to give ground
Friday, May 22,2015AsemconnectVietnam - The 12 countries working toward a historic Pacific trade pact could reach a deal at the end of May, though Canada must still show greater willingness to open up its markets, a senior Chilean official said.
Chile is among the nations in talks over the Trans-Pacific Partnership (TPP), a trade pact that would cover 40 percent of the world economy and includes the United States and Japan.
Andres Rebolledo, head of international economic relations for Chile, said a ministerial meeting had been set for May 26-28, and that a potential deal is in sight.
Boosting the prospects of an accord, was the fact that approval for fast-track legislation in the U.S. Congress needed to underpin the TPP appeared to be "imminent," Rebolledo said in an interview with Reuters in Mexico City.
The fast-track bill should help the TPP by persuading the United States' partners that the trade deal will not be picked apart in Congress later, officials say.
"This all suggests that probably towards the end of May there will be the closing round of negotiations," Rebolledo said, noting that there were still tough talks ahead.
The ministerial meeting would be held on the island of Guam, a U.S. territory in the western Pacific, another senior official involved in the TPP negotiations told Reuters.
Prior to that meeting there would be intensive "technical meetings" and bilateral talks to resolve outstanding differences, Rebolledo said, adding that agreeing on access to markets was still a bone of contention.
While progress had been made with Japan on this point, Canada needed to give ground, he said.
"(Canada's) offer is still the most limited," he added.
A further sticking point for Chile, Rebolledo noted, was the issue of intellectual property rights.
Source: bloomberg.com
Binh Duong province seeks cooperation opportunities with Australian partners
Forum looks to promote Vietnam – Canada economic ties via CPTPP
Vietnam, Netherlands strengthen agricultural cooperation
US newswire sees positive signs in Vietnamese stock market
Hanoi, Vientiane expand business cooperation
Vietnam, US strengthen trade relations
Mini Thailand Week to take place in Quang Ninh this month
RoK’s Gyeongbuk, Chungbuk firms engage in business talks in Hanoi
Scholar analyses why US should recognise Vietnam as market economy
Vietnam, New Zealand eye further trade growth
Vietnam, Japan promote financial cooperation
Vietnam, New Zealand reinforce all-round ties, eye new level of relations
Vietnam’s financial market favoured by RoK investors
Da Nang calls for TheCityUK’s support in int’l financial centre building
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Students promote Vietnamese culture in Russia
The Vietnamese Students’ Association in the Peoples' Friendship University of Russia (RUDN) held an event called "Bamboo Legend” on ...Exhibition on General Vo Nguyen Giap opens in Nghe An
Da Lat festival: Classical music taken out of auditorium ...