14 Apr 2010

PM says Pacific trade deal will boost US exports to Asia

1:39 pm on 14 April 2010

New Zealand Prime Minister John Key has told American businesses that a trans-Pacific trade deal will help the United States increase its exports to the region.

Mr Key made the comments in a speech to the US-New Zealand Council in Washington. There is opposition to the deal from the American farm lobby.

He said the US will benefit from being part of the eight-country trade pact.

Mr Key said America's share of exports to Asia has been falling because the US has been shut out of a range of trade deals which have been negotiated throughout the region.

He said the Trans-Pacific Partership gives the US the chance to reverse that trend and help boost its exports to Asia.