Nov 14, 2015

Government eyes extra budget worth around ¥3.5 trillion

The government is likely to compile an extra budget worth around ¥3.5 trillion ($28.5 billion) at the end of this year to help farmers boost their global competitiveness and finance social security measures, sources said Saturday. Prime Minister Shinzo Abe will instruct ministries to ...

Nov 13, 2015

Australia welcomes Indonesia's plans to join TPP

Visiting Australian Prime Minister Malcolm Turnbull told Indonesian President Joko “Jokowi” Widodo on Thursday that his government will back Indonesia’s intention to join the U.S.-led Trans Pacific Partnership trade pact. “We would welcome Indonesia becoming a part of the TPP,” Turnbull told Jokowi when ...

Nov 11, 2015

White House rejects calls for possible renegotiation of TPP

A senior White House official denied Wednesday that the United States and 11 other Pacific Rim countries could renegotiate a sweeping free trade agreement, brushing off calls to revisit the text of the U.S.-led deal. Renegotiation of the Trans-Pacific Partnership initiative is “not an ...

Nov 10, 2015

China to push alternative trade pact at APEC

China will seek to push its own vision of an Asia-Pacific trade pact at a regional summit next week, senior officials said Tuesday, after this month’s release of a rival U.S.-led deal that pointedly excludes the Asian giant. Beijing sought to promote the Free ...

Key senator says White House may have to renegotiate parts of TPP pact

Nov 7, 2015

Key senator says White House may have to renegotiate parts of TPP pact

A key U.S. senator said Friday the Obama administration may have to renegotiate parts of the recently concluded Trans-Pacific Partnership trade pact, heralding a tough battle to win support in Congress. The administration notified lawmakers Thursday it plans to sign the 12-nation TPP, starting ...