Friday, April 25, 2014

No Progress But Obama Says TPP Sill Alive

As negotiators struggle, President Barack Obama is rejecting suggestions that an Asia-Pacific trade deal is in danger and says the U.S. and Japan must take bold steps to overcome differences that are threatening completion of the cornerstone of his strategic rebalance to the region.
Illustrating those difficulties, the top Japanese negotiator said Thursday that talks had come to a stop only to have a U.S. official later say that discussions would continue.
Standing alongside Prime Minister Shinzo Abe, Obama also affirmed that the U.S. will defend its Asian ally in a potential confrontation with China over a set of disputed islands. At the same time, he called on both parties to peacefully resolve the long-running dispute that has heightened tensions between the two countries.
Obama called for the U.S. and Japan to resolve disagreements promptly over access to agriculture and automobile markets, issues that are hindering completion of the Trans-Pacific Partnership. The deal, involving 12 nations overall, is a key component of Obama’s efforts to assert U.S. influence in Asia in the face of China’s ascendancy in the region.
“Now is the time for bold steps that are needed to reach a comprehensive agreement, and I continue to believe we can get this done,” Obama said at a joint news conference with Abe at the Akasaka Palace. “All of us have to move out of our comfort zones and not just expect that we’re going to get access to somebody else’s market without providing access to our own. And it means that we have to sometimes push our constituencies beyond their current comfort levels because ultimately it’s going to deliver a greater good for all people.”
That was also a nod to the strong opposition Obama faces at home to the TPP, including from organized labor groups who fear such a deal with leave U.S. workers vulnerable to competition from counterparts in other countries who earn substantially less. Obama’s fellow Democrats in Congress also oppose granting him authority that would make it harder for lawmakers to change the trade pact. Business groups strongly back the deal, saying it would create jobs and open new markets to U.S. goods.
Akira Amari, the top Japanese negotiator for the TPP talks, said Thursday evening that the talks with chief U.S. trade negotiator Michael Froman “have stopped for now” and were not expected to resume “straight away.”
“The old issues still remain,” said a grim-looking Amari.
AP

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