July 27, 2015
ONE TRADE DEAL AFTER ANOTHER:
As Trade Deal Nears Potential Home Stretch, Worries Abound (WILLIAM MAULDIN, July 26, 2015, WSJ)
The goal is a 12-nation bloc accounting for two-fifths of the world's economic output that would boost growth and put pressure on China, which isn't part of the talks, to adopt American-style rules for commerce, U.S. officials say.But the U.S., Japan, Canada, Malaysia, Australia and the seven other countries involved each bring sensitivities and demands ranging from disagreements over dairy and sugar to unease with U.S. rules on pharmaceuticals and the treatment of state-owned businesses."There's a lot of hard work to be done before this agreement is put to bed," Canadian Trade Minister Ed Fast said last week in Toronto.
Posted by Orrin Judd at July 27, 2015 7:19 PM
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