U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe agreed Tuesday to complete a 12-nation Pacific Rim trade agreement. Mr. Abe is in the middle of a state visit to the United States.
Mr. Obama and Mr. Abe spoke at a news conference Tuesday at the White House. Mr. Obama said the trade bill would boost U.S. exporters and the country’s labor market. But he also accepted that there is opposition to a Pacific Rim trade agreement in both the U.S. and in Japan.
The two leaders did not announce any details about the remaining difficulties to completing an agreement. The proposed trade bill would open up exports for both Japanese and American manufacturers, along with those in 10 other nations that border the Pacific.
