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U.S. Sticks to Own Free Trade Vision as China Touts Another

Posted November 10, 2014

Under Uncategorized

(AFP)

Washington will prioritize its own plans for an Asia-Pacific free trade agreement, a top U.S. official said Sunday, even as China seeks to elevate a broader vision for the region.

The rival trading powers’ ideas on opening markets have injected an element of discord at the annual gathering of leaders from the Asia-Pacific Economic Cooperation (APEC) bloc, hosted this year by Beijing.

U.S. Trade Representative Michael Froman said Washington would remain focused on plans it is pursuing outside APEC for a 12-nation Trans-Pacific Partnership (TPP), which excludes China. Read more here.