Obama, Sultan of Brunei discuss TPP

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Obama BruneiOn his visit to the US on March 12, Brunei’s leader Hassanal Bolkiah and US President Barack Obama discussed ways to move forward on the Trans-Pacific Partnership (TPP), a region-wide free trade pact planned to include 10 nations and the US that the White House is pushing to complete by the end of 2013.

The TPP is a proposed free trade agreement under negotiation by Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam, and Japan has expressed its desire to become a negotiating partner as well.

With the help of the TPP, Obama has set a goal of doubling US exports worldwide to $3.14 trillion by the end of 2014 from $1.57 trillion in 2009.

Brunei, which this year is chairing the Association of Southeast Asian Nations (ASEAN), will be hosting the East Asia summit in October and the US-Association of Southeast Asian Nations summit in Bandar Seri Begawan, the nation’s capital.

The two leaders also talked about bilateral cooperation, especially in energy and education, as well as about solutions for the South China Sea conflict.

 

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Reading Time: 1 minute

On his visit to the US on March 12, Brunei’s leader Hassanal Bolkiah and US President Barack Obama discussed ways to move forward on the Trans-Pacific Partnership (TPP), a region-wide free trade pact planned to include 10 nations and the US that the White House is pushing to complete by the end of 2013.

Reading Time: 1 minute

Obama BruneiOn his visit to the US on March 12, Brunei’s leader Hassanal Bolkiah and US President Barack Obama discussed ways to move forward on the Trans-Pacific Partnership (TPP), a region-wide free trade pact planned to include 10 nations and the US that the White House is pushing to complete by the end of 2013.

The TPP is a proposed free trade agreement under negotiation by Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam, and Japan has expressed its desire to become a negotiating partner as well.

With the help of the TPP, Obama has set a goal of doubling US exports worldwide to $3.14 trillion by the end of 2014 from $1.57 trillion in 2009.

Brunei, which this year is chairing the Association of Southeast Asian Nations (ASEAN), will be hosting the East Asia summit in October and the US-Association of Southeast Asian Nations summit in Bandar Seri Begawan, the nation’s capital.

The two leaders also talked about bilateral cooperation, especially in energy and education, as well as about solutions for the South China Sea conflict.

 

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