Indonesian President Joko Widodo, speaking after a meeting with U.S. President Barack Obama on Monday, said his country intends to join the Trans-Pacific Partnership trade deal the United States has forged with 11 countries.
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Indonesian President Joko Widodo, speaking after a meeting with U.S. President Barack Obama on Monday, said his country intends to join the Trans-Pacific Partnership trade deal the United States has forged with 11 countries.
The United States and 11 other Pacific Rim nations on Monday agreed to the largest regional trade accord in history, a potentially precedent-setting model for global commerce and worker standards that would tie together 40 percent of the world’s economy, from Canada and Chile to Japan and Australia.
The Trans-Pacific Partnership still faces months of debate in Congress and will inject a new flash point into both parties’ presidential contests.
But the accord — a product of nearly eight years of negotiations, including five days of round-the-clock sessions here — is a potentially legacy-making achievement for President Obama, and the capstone for his foreign policy “pivot” toward closer relations with fast-growing eastern Asia, after years of American preoccupation with the Middle East and North Africa.