Monday, May 25, 2015Monday, May 25, 2015

Talks on 11-nation trade pact to be held in Singapore next week

Published on Feb 28, 2013 4:21 PM
US Assistant Secretary for State Mr Jose Fernandez (right) answers questions at a Q&A session after his briefing at the Tanglin Club in an event organised by the American Chamber of Commerce on Thursday, Feb 29, 2013. Dr Deborah Elms, Head of Temasek Foundation Centre for Trade and Negotiations, moderated the event. -- PHOTO: RUPALI KAREKAR

Discussions on a 11-nation trade pact will kick off in Singapore next week, a senior US trade official said.

While details are scarce on the 16th round of talks on the Trans-Pacific Partnership (TPP), Mr Jose Fernandez said the goal of the trade partnership is to remove all barriers in order to create strong, stable and dynamic regional economies.

"This will include strong protection for workers, for intellectual properties, for the environment and for innovation," Mr Fernandez said at a lunch briefing on Thursday organised by the American Chamber of Commerce at the Tanglin Club.

He added that the aim of the TPP is also to promote green technology, free flow of information technology and have a level playing field for Small and Medium Enterprises (SMEs) alongside multinational companies.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!