Detroit ultimately, albeit reluctantly, acquiesced to a U.S.-South Korea trade pact touching on similar issues of non-tariff barriers to trade that Japan raises.

WSJ: Business Asia: Japan's New TPP Energy

The results from models of this type depend partly on the assumptions economists have to make for instance about the effect of removing non-tariff trade barriers.

ECONOMIST: Eastern promise

What happened was, is a group, a subset of APEC countries came together and said let's see if we can create a high-standard agreement that is dealing with tariffs and non-tariff barriers to trade, but let's also incorporate a whole range of new trade issues that are going to be coming up in the future -- innovation, regulatory convergence, how we're thinking about the Internet and intellectual property.

WHITEHOUSE: President Obama at the APEC Business Summit