US delays sensitive topics in Trans-Pacific talks

Wed Sep 14, 2011 11:20pm GMT
 

* Democrats pressing Obama for strong labor provisions

* US business worried about foreign state-owned companies

By Doug Palmer

CHICAGO, Sept 14 (Reuters) - The United States has yet to outline ideas for protecting workers' rights or reining in state-owned enterprises in a proposed Trans-Pacific trade pact, despite a mid-November deadline to reach "broad outlines" of a deal, a senior U.S. trade negotiator said on Wednesday.

The official, speaking on condition of anonymity, said President Barack Obama's administration had also not made proposals in the Trans-Pacific Partnership talks for other sensitive topics, such as footwear and dairy, whose U.S. producers are concerned about a crush of imports.

"For all of these sensitive products, we are in close consultations with the stakeholders who have interest in those sectors and we will be negotiating those issues recognizing the sensitivity of those products to the U.S.," she said.

U.S. textile, lamb, beef and sugar producers are also worried what the agreement to phase out tariffs and other trade barriers could mean for their livelihoods.

Negotiators from the United States, Australia, New Zealand, Vietnam, Malaysia, Singapore, Brunei, Chile and Peru have been in Chicago since last week for the eighth round of talks on the TPP. Another round is set next month for Peru.

Earlier this year, top trade officials from the TPP countries agreed to strive for the "broad outlines" of a deal by the time Obama hosts the annual summit meeting of the Asia Pacific Economic Cooperation forum in Honolulu Nov. 12-13.   Continued...

Market Update

  • Africa
  • US
  • Europe
  • Asia
  • CAC40
UK £ USD =1.5916
Euro USD =1.2724
Rand USD =0.1203