No TPP Breakthrough Said Likely During Noda Visit to Washington
No "breakthrough announcement" on the Trans Pacific Partnership (TPP) trade deal is likely during Japanese Prime Minister Noda’s visit to Washington this week, a senior Obama administration official said in a briefing with reporters. "What the President believes and what…
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I expect you will continue to hear is that he thinks that eliminating the barriers to trade between the first and the third-largest economies in the world could be a historic opportunity and that it carries great potential benefits," the official said. "The TPP countries have all said that they are prepared to meet the agreement’s very high standards. And it is an extremely complicated process. So I think that the pace of the process between the U.S. and Japan will be determined by how -- in the consultations that are underway -- folks in Japan find ways to address the key issues. I know that they will -- or I believe that they will certainly discuss the issue of TPP" during the visit, he said.