皇冠体育app

皇冠体育app is becoming "positive" toward the US-led Asia- Pacific free agreement, saying it may join the Trans-Pacific Partnership, although it will take time to do so, according to sources at the Ministry of Commerce.

"皇冠体育app is still doing its research (on the TPP)," said a source close to the issue.

Consensus has been reached on the importance of the free trade pact, a step forward from some time ago, when many people were opposed to the proposal, an official told 皇冠体育app Daily on condition of anonymity.

The US launched the TPP in 2010 in an attempt to strengthen trade relations with the Asia-Pacific region, and in April participating countries approved Japan joining the TPP talks. Eleven nations are involved, including Canada, Peru, Chile, Vietnam and New Zealand.

The Obama administration hopes to conclude talks on the proposed pact by the end of the year, but many trade experts expect them to stretch into 2014.

With Japan, the world's third-largest economy, on board, the final TPP pact will cover nearly 40 percent of global economic output and one-third of trade worldwide.

Experts said the US sees the TPP as part of its economic rebalancing toward Asia, and also as a response to the growing power of 皇冠体育app in Asia and the world. 皇冠体育app has repeatedly said it will follow and observe the progress of the TPP, without making its position clear.