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

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search