Trade ministers from Pacific Rim gather on Maui to negotiate deal
Twelve countries account for 40% of the world's economic activity.
LAHAINA, Hawaii — Trade ministers from 12 nations around the Pacific Rim are meeting on the Hawaiian island on Maui to negotiate a trade pact.
US Trade Representative Michael Froman told his counterparts at the start of the talks at the Westin Resort in Kaanapali on July 28 that tough political issues remain to be resolved. He says as anyone who has ever been involved in trade negotiations knows, those last issues are always the most difficult.
The agreement would lower tariffs and other trade barriers while also setting labour and environmental standards for its participants.
Other nations negotiating the deal include Australia, Mexico, Japan, Singapore and Vietnam. Together, the countries account for 40% of the world’s economic activity.
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