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.
Most Popular Stories
- PBS Series Examines America's Demographic Shift
- Tim Cook Has Proved That Apple is His Baby
- Why the Bond Market Isn't as Safe as You Think
- Lexus Luxury Compact Sedan Wins Buyers
- Review: Pay by Phone or Just Keep Using Plastic?
- Royals Beat A's in 12-inning Wild Card Thriller
- What to Look for in Mich. Jobs Market
- Construction Spending Down Again for August
- Dallas Parents Fear Students Exposed to Ebola
- Obama Seeks Traction From Economic Recovery