South Korea intends to hold preliminary talks with...
South Korea intends to hold preliminary talks with Trans-Pacific Partnership countries aimed at joining the TPP negotiations, said the U.S. Trade Representative in a Friday written statement. The U.S. has targeted year’s end for conclusion of TPP negotiations among the…
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current 12 participant nations. “Korea plays an important role in the regional economy, and its interest in the TPP demonstrates the significant importance of this initiative to the region,” said USTR Michael Froman. President Barack Obama, the other TPP leaders “and their teams are currently working actively to complete the negotiations,” said Froman. “Given that prior to entry any new member needs to complete bilateral consultations with current TPP members and those members need to complete domestic processes, as appropriate, the possible entry of any new country would be expected to occur after the negotiations among the current members are concluded."