South Korea trumps Japan in putting trade deal talks into practice

Hiroshi Oe, Japan's deputy chief negotiator for the Trans-Pacific Partnership met Wendy Cutler, acting deputy US trade representative, for talks in April 2014 (photo: dpa)
Hiroshi Oe, Japan's deputy chief negotiator for the Trans-Pacific Partnership met Wendy Cutler, acting deputy US trade representative, for talks in April 2014 (photo: dpa)

The much-vaunted Trans-Pacific Partnership, which would establish a free trade zone between 12 countries in the Americas and the Asia-Pacific region, is struggling to get off the ground. Much of the blame for the failure of negotiations is being laid at the doors of the United States and Japan which both face problems at home. Meanwhile, South Korea is forging ahead with bilateral trade deals and leaving arch rival, Japan, trailing in its wake.

<i>The failure of the United States and Japan to reach agreement at the Trans-Pacific Partnership (TPP) talks in Singapore in February 2014 looks to have put the ambitious free trade zone talks involving 12 countries on hold for the for...

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