By Julian Pecquet - 07/30/13 03:06 PM EDT
“It's a challenge for everybody,” he said. “But I feel good that we've got the momentum and there's a real focus on getting it done.”
Froman said he welcomed Japan's formal addition to the Trans-Pacific Partnership last week.
“We are glad that they're in the negotiation; we think it makes TPP an even more important platform, representing 40 percent of global GDP,” Froman said, adding that the deal will give more momentum for progress on multilateral trade.
“It's also very important … through TPP and in a our parallel negotiations that we address, and resolve, the long-standing issues that we've had with [Japan] around market access, including in areas like autos, insurance and agriculture,” he said. “We're going to have to address those issues. It's going to be a hard negotiation ahead but I think they enter the negotiations having agreed that everything's on the table.”
Froman also said he'll be traveling to Ethiopia in the next couple of weeks to launch a formal review of the African Growth and Opportunity Act. The administration hopes for a “seamless renewal” of the trade preferences before they expire in 2015.
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