Yesterday, May 9, representatives of Japan, China, South Korea, Australia, New Zealand, India, and the ten countries of ASEAN convened in Brunei for the inaugural negotiation of what is hoped will become by 2015 the Regional Comprehensive Economic Partnership (RCEP) free trade agreement.

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The Presidents also noted the economic opportunities the Trans Pacific Partnership Free Trade Agreement presents for Chile and the United States and the importance of negotiating a high standard, comprehensive agreement as rapidly as possible.

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The free-trade agreement (FTA) is the most comprehensive and high-quality trade deal Korea and the EU have ever made.

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But on Tuesday he declared his support for what would be the biggest free-trade deal of all a comprehensive trans-Atlantic agreement linking Europe and the U.S. A good deal could, by most estimates, raise GDP on both sides of the Atlantic by as much as 1% a year.

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