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Trade ministers from 12 countries held the second of four days of talks on the Trans-Pacific Partnership or TPP on Sunday. The United States is leading the talks in Singapore.
SINGAPORE: Trade ministers from 12 countries held the second of four days of talks on the Trans-Pacific Partnership or TPP on Sunday.
The United States is leading the talks in Singapore.
The ministers are hoping to reach a basic agreement on free trade before a year-end deadline.
Some difficult issues remain, including intellectual property rights, the lifting of tariffs in protected industries and rules on state-owned enterprises.
Singapore's Trade and Industry Minister Lim Hng Kiang took the opportunity to hold a bilateral meeting with his Japanese counterparts as part of the broader effort to seal the trade accord.
US President Barack Obama has hailed the TPP as the economic centrepiece of its strategic shift towards Asia, calling it a 21st-century agreement covering non-tariff areas such as the environment and labour standards and issues such as intellectual property.
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