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TPP members eye over 95% tariff-cut rate
All countries participating in the Trans-Pacific Partnership multilateral trade negotiations, with the exception of Japan, agreed to pursue sectoral talks in Washington from Friday to Monday with an eye toward setting a tariff liberalization rate of more than 95 percent, according to informed sources.
The tariff liberalization rate indicates the percentage of imported items on which each member of the multilateral economic framework agrees to eliminate tariffs.
