Korea Tightens Consultations On Accession To TPP

< p > on Friday, a South Korean official revealed that "a href=" //www.sjfzxm.com/news/index_p.asp "Korea" /a "is preparing bilateral consultations with 12 countries to discuss the issue of joining TPP.

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P Michael, the US business representative, responded to a speech by South Korean vice premier on Friday, saying that South Korea played an important role in the Asian regional economy. South Korea's interest in joining the TPP fully demonstrated the important role of the initiative in the regional economy.

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< p > Froman said that he will work closely with the US shareholders and the Congress to give full consideration to any negotiation conditions that Korea may bring into the TPP and lay a good foundation for its accession to the last round of trade negotiations.

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< p > Froman said: "any country that wants to join TPP negotiations must consult with Member States one by one."

At present, TPP is a member of the United States, Vietnam, Canada, Mexico, Japan, Australia, Brunei, Chile, Malaysia, New Zealand, Peru and Singapore.

If South Korea wants to join the TPP, it must get the unanimous agreement of the 12 member states to enter into force.

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At present, the United States has reached a bilateral trade agreement with South Korea. Although South Korea is not the main supplier of the US "a target=" _blank "href=" //www.sjfzxm.com/ "> clothing /a" and "a target=" _blank "_blank" href= "target=" > textile > goods, but as of September 30th, the annual trade volume has reached 921 million US dollars.

According to the US International Trade Commission, tax cuts and tax exempt products only under the free trade agreement between the United States and Korea can contribute about 10 billion -120 billion US dollars per year to GDP, and about 10 billion US dollars in exports to Korea.

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< p > the "US Korea Free Trade Agreement" shows the common interests of the US and South Korea in < a href= "//www.sjfzxm.com/news/index_s.asp" > trade < /a > investment rules, "Froman said.

"As for the next consultation with Member States, the talks will focus on whether South Korea is fully prepared to meet the high standard TPP agreement and South Korea's attention to bilateral issues, including the degree of implementation of existing obligations."

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