By  on December 16, 2013

WASHINGTON — Sourcing executives are hoping to expand investment and business in the Asia-Pacific region and the European Union, as negotiations over two megaregional trade deals progress and the World Trade Organization tries to regain footing following a global trade accord on a scaled-down package of market-opening measures.

U.S. and EU trade negotiators are meeting here this week for the third round of talks on the Transatlantic Trade and Investment Partnership accord that would have implications for U.S. imports and exports of apparel, textiles, cosmetics, footwear and accessories. Negotiations on a Trans-Pacific Partnership agreement between the U.S. and 11 other countries, said to be in the final phase, promise to provide significant sourcing opportunities for U.S. apparel importers and textile producers, with both sides arguing for different rules to help boost business.

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