Asia-Pacific leaders on track to sign trade deal by year end

Asia-Pacific leaders on track to sign trade deal by year end

 

[caption id="attachment_9201" align="alignnone" width="722"] (US Secretary of State John Kerry (second from right) speaks with his country's Trade Representative Michael Froman, as New Zealand Prime Minister John Key (second from left) speaks with his Trade Minister Tim Groser at the Trans-Pacific Partnership meet in Bali, Indonesia on Tuesday, Oct 8, 2013. The United States and 11 other nations negotiating an Asia-Pacific trade pact say they are on track to agree on a comprehensive deal before the year's end. (PHOTO: AP))[/caption]

 

BALI (AP) - The United States and 11 other nations negotiating an Asia-Pacific trade pact say they are on track to agree on a comprehensive deal before the year's end.

 

A statement issued by the 12 leaders on Tuesday after an Asia-Pacific Economic Cooperation summit in Bali said they have made "significant progress" in setting standards for trade in goods and services, and for investment and public procurement.

 

It said they had agreed "to resolve all outstanding issues with the objective of completing this year a comprehensive and balanced, regional agreement."

 

US Secretary of State John Kerry stood in for President Barack Obama, who stayed home to deal with the debt stalemate.

 

The nations include Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam.

 

(The Straits Times, 8 Tuesday October 2013 The Roman)