The Trans-Pacific Partnership agreements are a US-led initiative aiming to promote free trade amongst nations of the Americas and Asia-Pacific.
Following over a year of difficult negotiations over issues such as US access to Japanese insurance and automobile markets, agreement between the two nations about the terms of Japan's entry into the trade talks were reported by the Wall Street Journal on Friday 12th April.
The FedEx leader commented, "As the third-largest economy in the world, and the United States’ fourth-largest trading partner, Japan’s entry into the TPP would add significant economic importance to these negotiations. Removing barriers to trade with Japan will help the U.S. economy and create new business opportunities for our customers."
Ducker was pleased to note that the United States Trade Representative (USTR) had indicated express delivery as one of its priority sectors. "We look forward to working with USTR to ensure equivalent conditions of competition for our business,” he said.
Sources: FedEx, Wall Street Journal, Financial Times