💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

US Trade Representative Tai hints at new Asian economic framework - NHK

Published 11/18/2021, 06:19 AM
Updated 11/18/2021, 06:26 AM
© Reuters. FILE PHOTO: U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland

TOKYO (Reuters) - U.S. Trade Representative Katherine Tai said the United States may set up a new Asian economic framework with allies and "friendly" nations as early as next year, NHK public television reported on Thursday.

The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labour, environment and digital trade issues, with an emphasis on "third country concerns", a reference to China's state-driven economic policies.

Tai, who has been visiting Tokyo and met with Japanese officials on Wednesday, told NHK in an interview that the new partnership with nations in the Indo-Pacific region could be launched as early as next year.

"Early next year, we are considering working with countries in the region to set up an economic framework, a framework with countries that share issues," she was quoted as saying.

© Reuters. FILE PHOTO: U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. REUTERS/Denis Balibouse

No further details were given.

Former U.S. President Donald Trump pulled the United States out of the Trans-Pacific Partnership (TPP) trade deal in 2017, and Tai has said that she would work to cooperate with countries in Asia on trade, but the world looks very different from 2015, when the TPP was negotiated.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.