(Everett Rosenfeld – CNBC)
Negotiators concluded another round of TPP discussions on Sunday in Hawaii, sparking some protests but making “significant progress” on a number of issues, according to William Craft, the deputy assistant secretary of state for trade policy and programs in the State Department's Bureau of Economic and Business Affairs.
The negotiations involve 11 other countries—Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Significantly, the TPP as it's now envisioned does not include China—though sources told CNBC that's likely to change.
Parties to the talks seek to ratify an agreement that goes further than earlier trade pacts in addressing concerns such as the movement of digital information across borders, intellectual property and the globalization of supply chains, according to Scott Miller, senior adviser and Scholl Chair in International Business at the Center for Strategic and International Studies. Click here to read more.
Related: TPP Chief Negotiators Conclude Hawaii Meet as Washington Debate Continues (Bridges)