News Column

Mexico To Begin Talks On Joining Pacific Trade Deal

June 18, 2012

Mexico has been invited to join a regional trans-Pacific trade deal, the White House said Monday as President Barack Obama held meetings with Mexican President Felipe Calderon on the sidelines of the Group of 20 summit.

The Trans-Pacific Partnership agreement is still being negotiated, but aims to boost trade among countries on both sides of the ocean.

It currently includes the United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.

Mexico said last year it wanted to join the agreement, which has been under negotiation since 2010. The US will host further negotiations next month.

"We are delighted to invite Mexico, our neighbour and second largest export market, to join the TPP negotiations," US Trade Representative Ron Kirk said.

"Mexico's interest in the TPP reflects its recognition that the TPP presents the most promising pathway to boosting trade across the Asia Pacific and to encouraging regional trade integration."

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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