WASHINGTON – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam today released a joint statement announcing that they have pledged to strengthen macroeconomic cooperation, including on exchange rate issues, in appropriate fora:
We, the macroeconomic policy authorities, welcome the recent announcement of our trade ministers regarding the Trans-Pacific Partnership (TPP) negotiations. We are pleased to announce today that we are working to strengthen macroeconomic cooperation, including on exchange rate issues, in appropriate fora. The work to be undertaken reflects our common interest in strengthening cooperation on macroeconomic policies, and will help to further macroeconomic stability in the TPP region as well as help ensure that the benefits of TPP are realized. Keeping in mind the diverse circumstances of the TPP countries, we are currently undertaking a technical review.
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