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Japan, U.S. trade chiefs aim for TPP progress before Obama visit

Japanese and U.S. trade chiefs met Wednesday to discuss remaining bilateral issues related to ongoing Pacific trade talks, striving to break the stalemate in negotiations with U.S. President Barack Obama's visit to Tokyo two weeks away. Akira Amari, Japan's minister in charge of the Trans-Pacific Partnership talks, and U.S. Trade Representative Michael Froman will try to find common ground on how to deal with Japanese tariffs on farm goods as well as auto trade issues.

TPP more ambitious than Japan-Australia deal: U.S. trade chief

The U.S. trade chief said Tuesday that the Trans-Pacific Partnership initiative aims at a higher level of trade liberalization than the accord reached by Japan and Australia, playing down the impact of the bilateral agreement on the broader TPP negotiations. "I don't think it (the Japan-Australia free trade agreement) has much effect one way or the other" on the 12-country TPP talks, said U.S. Trade Representative Michael Froman, who is slated to meet with his Japanese counterpart Akira Amari in Tokyo on Wednesday to discuss outstanding TPP issues.

TPP more ambitious than Japan-Australia deal: U.S. trade chief

The U.S. trade chief said Tuesday that the Trans-Pacific Partnership initiative aims at a higher level of trade liberalization than the accord reached by Japan and Australia, playing down the impact of the bilateral agreement on the broader TPP negotiations. "I don't think it (the Japan-Australia free trade agreement) has much effect one way or the other" on the 12-country TPP talks, said U.S. Trade Representative Michael Froman, who is slated to meet with his Japanese counterpart Akira Amari in Tokyo on Wednesday to discuss outstanding TPP issues.

Japan, U.S. trade chiefs aim for TPP progress before Obama visit

Japanese and U.S. trade chiefs met Wednesday to discuss remaining bilateral issues related to ongoing Pacific trade talks, striving to break the stalemate in negotiations with U.S. President Barack Obama's visit to Tokyo two weeks away. Akira Amari, Japan's minister in charge of the Trans-Pacific Partnership talks, and U.S. Trade Representative Michael Froman will try to find common ground on how to deal with Japanese tariffs on farm goods as well as auto trade issues.

Japan, fresh from Australia pact, says U.S. trade talks 'difficult'

By Elaine Lies and Linda Sieg TOKYO (Reuters) - Japan, fresh from clinching a trade deal with Australia, said on Tuesday it hoped for a similar result in negotiations with the United States and also for a broad regional trade pact, but said the talks would be difficult. Japan and the United States are pushing for a two-way trade deal, a crucial part of a broad U.S.-led Trans-Pacific Partnership (TPP), before U.S. President Barack Obama arrives in Japan this month.

OECD chief concerned about impact of Ukrainian crisis on world

The head of the Organization for Economic Cooperation and Development voiced frustration Tuesday over Russia's move in Ukraine. "The timing is particularly bad because we are starting to regain confidence (in the global economy)," visiting OECD Secretary-General Angel Gurria told a news conference at the Japan National Press Club in Tokyo. "It is not that the world has a lot of trade with Ukraine, or even with Russia," he added. "It is simply the nature of the conflict is generating tension, insecurity and turbulence in the markets."

OECD indicator points to positive outlook for advanced economies

PARIS (Reuters) - The growth outlook for advanced economies has stabilized at long-term trend levels but is deteriorating for most major emerging market countries, the OECD said on Tuesday. The Paris-based Organisation for Economic Cooperation and Development said its leading indicator covering 33 member countries was at 100.7 in February, flagging steady economic growth for the third month in a row.

FTA with Australia to fuel S. Korean exports, help imports of natural resources: business groups

SEOUL, April 8 (Yonhap) -- The free trade pact with Australia will fuel exports of South Korean-made goods and make it easier to import natural resources, the local business community said Tuesday. South Korea and Australia signed a bilateral free trade agreement (FTA) Tuesday after nearly five years of negotiations, a deal that both sides believe will result in mutual benefits from greater trade.

S. Korea, Australia sign free trade agreement

South Korea and Australia signed a free trade agreement Tuesday aimed at removing tariffs on major traded goods including autos and beef, according to South Korea's Ministry of Trade, Industry and Energy. The agreement, which came a day after Australia concluded negotiations on an FTA with Japan, was signed by South Korean trade minister Yoon Sang Jick and his Australian counterpart Andrew Robb.

Japan, fresh from Australia pact, says U.S. trade talks 'difficult'

TOKYO (Reuters) - Japan, fresh from clinching a basic trade deal with Australia after years of negotiations, said it hoped for a similar result with the United States and for a regional pact, but cautioned that talks were "difficult." Japan and the United States are pushing for a two-way trade deal, a crucial part of a broad U.S.-led Trans-Pacific Partnership (TPP) before U.S. President Barack Obama arrives in Japan later this month, with U.S. Trade Representative Michael Froman arriving for talks with Economy Minister Akira Amari.
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