Home / Knowledge / News / US Chamber hails pacific trade initiative
US Chamber hails pacific trade initiative
05
Feb '08
The U.S. Chamber of Commerce applauded announcement that the U.S. will join negotiations with Singapore, Chile, New Zealand and Brunei to open financial services and investment markets as part of the Pacific-Four (P-4) trade agreement.

"Great oaks from little acorns grow," said Myron Brilliant, the Chamber's vice president for Asia, "and the business community hopes more countries will join in. This agreement could be a catalyst to open markets for U.S. exports across the Asia-Pacific region, which accounts for half the world economy."

The negotiations on financial services and investment will build on an existing agreement between the four countries known as the Trans-Pacific Strategic Economic Partnership, which is based on the U.S. free trade agreements (FTAs) with Singapore and Chile. The trade talks should set a high standard for future agreements in the region, according to the Chamber.

Upon completion of the negotiations, the Chamber hopes other countries with which the U.S. has existing FTAs such as Australia, Mexico and Peru will enter into the P-4 agreement. This "P-plus" arrangement could lay the foundation for a free trade accord among the 21 members of the Asia Pacific Economic Cooperation (APEC) forum.

"With over 100 preferential trade agreements among APEC economies and their partners, the P-4 process is a welcome opportunity to potentially integrate and improve existing accords," added Brilliant.

The U.S. Chamber of Commerce is the world's largest business federation representing more than three million businesses of every size, sector and region.

U.S. Chamber of Commerce


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search