SINGAPORE — U.S. Secretary of State John Kerry called Tuesday for countries negotiating a major Pacific Rim trade deal to overcome differences that have stalled its conclusion.
Speaking in Singapore, Kerry said the so-called “Trans Pacific Partnership” would benefit the people of all nations involved and serve as a model for responsible global industry and commerce. His address at Singapore Management University comes just days after trade ministers failed to bridge final gaps and seal the accord at talks in Hawaii.
Kerry acknowledged the difficulties in finalizing the deal, but said its completion would mark a major milestone for the international economy. The countries involved in the talks represent about 40 percent of the global economy.
“As with any complex negotiation … there remain details to be hashed out, but the reasons why each of the TPP countries is pressing on to work through tough negotiations or even some of the most sensitive areas of the negotiations are very, very clear,” Kerry said, touting the agreement as one which would improve working conditions and wages, raise environmental standards, combat corruption and protect intellectual property rights.