- POSTED: 09 Oct 2013 22:15
This graph is an experimental feature that tracks number of views over time.
Leaders of the 12 countries exploring the ambitious Trans-Pacific Partnership free trade deal have said in a joint statement that talks have resulted in "significant progress", and that a deal will be struck by the end of the year.
SINGAPORE: Leaders of the 12 countries exploring the ambitious Trans-Pacific Partnership free trade deal have said their negotiations remain on track.
In a joint statement, they said talks have resulted in "significant progress", and that a deal will be struck by the end of the year.
US Secretary of Commerce Penny Pritzker agreed, but added that compromises would have to be made.
She said: "The basic fundamentals of these agreements is not unknown to any of the countries that are participating, so they've gone into it with a desire to participate…
"It's always complicated and challenging at the end, when you wring your hands and some more compromise has to occur.
Pritzker also said a US government default is out of the question. She said members of Congress are aware of what needs to be done to get the country over the line.
"I happen to be on the optimistic side. There will be a deal,” she said.
“America and Congress know what it needs to do. And they'll deal with our debt ceiling. Congress is going to pay its bills… and the shutdown I think will be over within a similar time frame. I think this is going to come to an end, it just needs to play itself out."