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Japan wins approval from member countries to join Trans-Pacific trade talks

Japan won approval from participating countries to join talks on a U.S.-led Asia Pacific free trade agreement, central to Prime Minister Shinzo Abe's plans to open the economy to more competition and revive growth.The formal invitation for Tokyo to join the negotiations was extended at a meeting of members of the Trans-Pacific Partnership (TPP) on Saturday on the sidelines of the Asia-Pacific Economic Cooperation gathering in Surabaya, Indonesia, according to a joint statement.Japan will join 11 nations already in talks on the TPP: the United States, Canada, Mexico, Peru, Chile, Vietnam, Malaysia, Singapore, Brunei, Australia and New Zealand. Members hope to reach a deal by the end of this year.With the world's third-largest economy on board, the final TPP pact would cover nearly 40 percent of global economic output and one-third of all world trade.Abe has prescribed a three-part economic plan of hyper-easy monetary policy, big fiscal spending and steps to spur longer-term growth, incl...

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  1. Japan, U.S. agree on Tokyo joining Trans-Pacific trade talks

    Japan and the United States have agreed on a deal to allow Tokyo to join talks on a U.S.-led Asia-Pacific free trade pact that Prime Minister Shinzo Abe is making a ...

  2. Mexico backs Japan's bid to join Trans-Pacific trade talks

    Mexico on Monday gave its support to Japan's bid to join trade talks in the Asia-Pacific region that would create the world's largest free trade zone.Japan asked to ...

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    U.S.-led talks on a free-trade pact in the Asia-Pacific region are entering a potential make-or-break stage, putting pressure on President Barack Obama and other lea...

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