Monday, April 20, 2015

Abe: U.S., Japan Close to TPP Trade Deal - WSJ

Japanese Prime Minister Shinzo Abe said Tokyo and Washington are near an agreement on a major Pacific free-trade pact, a deal that would help advance President Barack Obama’s economic agenda and tighten ties between the two allies as they seek to counter China’s growing influence.

“We think that an agreement between Japan and the U.S. is close, but we’re hoping that even more progress will be made,” Mr. Abe said in an interview with The Wall Street Journal on Monday. He added that he wants to share an understanding with Mr. Obama that the trade deal is “extremely beneficial for both countries” when he visits Washington on April 28. Mr. Abe said the two nations must use their leadership to conclude the 12-nation deal, known as the Trans-Pacific Partnership.

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