SINGAPORE (AP) — U.S. Secretary of State John Kerry is calling for countries negotiating a major Pacific Rim trade deal to overcome differences that have stalled its conclusion.
Speaking in Singapore Tuesday, 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.