U.S. Official Expresses Hope For Trans-Pacific Partnership

Friday, May 21, 2010

TOKYO (Nikkei)--Matthew Goodman, a U.S. State Department adviser, talked Friday at a Tokyo forum about plans to have the Trans-Pacific Strategic Economic Partnership (TPP) serve as a basic trade framework in the Asia-Pacific region.

The U.S. has been calling for expanding the scope of the free trade agreement so that it covers a wider area.

During a panel discussion at the 16th International Conference on the Future of Asia, Goodman, senior adviser to the U.S. undersecretary of state for economic affairs, said the partnership should increase the number of participants so it eventually covers the Asia-Pacific region, which accounts for about 50% of world trade.

He also mentioned plans to use the TPP to address such issues as environmental conservation and labor protection, and to help small businesses engage in cross-border trade.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.