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TPP talks without U.S. near final stretch ahead of APEC
Reuters: URAYASU, Japan (Reuters) - The 11 remaining nations in the Trans-Pacific Partnership (TPP) without the United States edged towards sealing a comprehensive free trade pact after New Zealand agreed to amend laws that are not subject to TPP, to enable its ban on foreign home purchases.
The pact aims to eliminate tariffs on industrial and farm products across an 11-nation bloc whose trade totaled $356.3 billion last year.
This week’s compromise saves member nations from having to renegotiate the ambitious trade pact to accommodate the New Zealand government’s demands for firm measures to rein in housing prices.
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