P4 to P7

This looks very promising. The P4 free trade deal between New Zealand, Singapore, Chile and Brunei is the deal the United States may join. And now Australia and Peru are keen to join it, as maybe other APEC economies.

Some very good news for Tim Groser’s first week as Trade Minister.

The one good thing that may come out of the credit crisis is a renewed determination to lower trade barriers.

It is also looking promising that Obama’s protectionist rhetoric was for the campaign only. This will be one flip-flop I welcome if he does stick with the P4 negotiations.