Bloomberg News

Kirk Says U.S. Making Proposals to Curb State-Owned Businesses

November 02, 2011

Oct. 26 (Bloomberg) -- U.S. Trade Representative Ron Kirk said approval of three free-trade agreements by Congress creates momentum for Pacific trade talks where the U.S. is offering a proposal to end unfair advantages for state-owned firms.

U.S. negotiators meeting with eight partners in Lima this week are presenting rules for companies that “are essentially extensions or creations of state-owned enterprises,” Kirk said today in a speech at the U.S. Chamber of Commerce in Washington. “We are seeking new obligations, and we’re also promoting good regulatory practices.”

To contact the reporter on this story: Eric Martin in Washington at emartin21@bloomberg.net

To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net


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