SUBSCRIBERS

TPP trade talks make headway on car parts hurdle

Published Thu, Oct 1, 2015 · 09:50 PM

Atlanta

NEGOTIATORS trying to clinch a Pacific Rim free trade deal made headway on Wednesday over how to remove a stumbling block and give carmakers a freer hand to sell cars in the United States with more parts purchased in Asia.

People briefed on the closed-door talks said that Canada and Mexico signalled a willingness to open the North American car market to more parts made in Asia, one of the key hurdles to sealing a broader deal on the Trans-Pacific Partnership (TPP).

The TPP seeks to cut trade barriers and set common standards among a dozen nations reaching from Japan to Chile, but talks have become snared over a small set of issues, including dairy trade and patent pe…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here