News Column

US, Chilean Presidents Discuss Trade Agreement

Nov 30, 2012

U.S. President Barack Obama on Thursday spoke over phone with his Chilean counterpart Sebastian Pinera on the free trade agreement called the Trans-Pacific Partnership, said the White House.

The two leaders discussed ways to strengthen the global economy through job creation and expanded trade, including by "moving together expeditiously on the Trans-Pacific Partnership," the White House said in a statement.

In addition, Obama reaffirmed the importance of the two countries' partnership and said he looked forward to working with Pinera to enhance bilateral cooperation, the statement said.

The Tans-Pacific Partnership (TPP), a comprehensive but controversial free trade agreement with stringent standards, is aimed at further liberalizing the economies in the Asia-Pacific region. The United States sees TPP as the standards for the new century and acts as a main advocate.

The ongoing TPP negotiations involve countries including Singapore, Brunei, Chile, New Zealand, the United States, Australia, Peru, Vietnam, Malaysia, Mexico and Canada.

Source: Copyright Xinhua News Agency - CEIS 2012

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