 Welcome, my name is Matthew Goodman, the CSIS-Simon Chair. We have just completed our annual CSIS-JETRO conference on regional economic integration in the Asia Pacific region, and I'm delighted to have with me the speakers from that conference, and we're going to have a short chance to chat with them about their thoughts following the conference. Chairman Ishige, let me ask you first. The U.S. and Japan announced progress on the Trans-Pacific Partnership when President Obama visited Japan in April, but we're unable to reach final agreement. What needs to happen to close the gap between the two sides, and when is this likely to happen? Yeah, that's a tough question, if I can answer such a question, I would not be here. Okay, having said that, according to the joint statement, they made very, very big progress. Actually, most of them said, we would call upon other TVP partners to take necessary steps to conclude the negotiation. That means they are very, very close to the agreement, and in addition to that, the political leaders, as I said in the seminar, they have the mutual trust. So based on that, the negotiators will be able to find the common ground, find the solution. The important point at this moment is that not to be greedy, not to be too ambitious, not to be too greedy, too ambitious, to refrain from bringing in the new ideas, because the ambition should be held at the start of the negotiation. We are going to reach the agreement, so it's time for us to make a compromise. The important point, the necessary thing is sort of, how do you say, the political art of compromise, to consider the counterpart's position, and to know the red line of the other counterpart's position. That's important. I don't have to go into the details of specific issues. And timing, based on that, anytime soon, the bilateral negotiation can be concluded soon. That's my assessment. Professor Arato, what are the prospects for agreement among all 12 TPP partners? Do you think that could happen this year? Frankly speaking, that may be a bit difficult. Assuming the Japan and the U.S., which some kind of agreement, then the issue, rulemaking issues still remain. Specifically speaking, developed countries on the one hand and developing countries on the other hand, they have different views on issues such as intellectual property rights, their own enterprises, investment, so it may take some time. But once Japan and the U.S. settle their issues, I think the momentum is there, and hopefully early next year, things will be done. Dr. Lim, the other major track of trade negotiations in the Asia-Pacific region, the so-called regional comprehensive economic partnership, is also moving along. Do you think that that will be concluded, even if TPP moves forward, and should it be concluded? It will, according to schedules, end by December 2015, but I think the nature or the exact form of the completion is yet to be determined, but at this point in time, the agreement on goods I think should not be a problem. On services, there will be some of it, and also investment and flow of capital, as well as other issues. So our step will be completed, although at this point in time, it's quite slow in progress in negotiation. But as the case in ASEAN, trade negotiations or regional cooperation procedures, it takes for a while and gradually accelerates. Dr. Zhang, China is the host of the Asia-Pacific Economic Cooperation Forum this year in 2014, and they have revived the idea of a free trade area of the Asia-Pacific. What is the thinking behind that in Beijing, and what is the specific plan for getting to this ultimate objective? Actually, I'd like to say that this idea is not a new idea provided by Chinese side. In 2006, the U.S. already provided this idea, meanwhile, Australia also suggested this idea. But just in the past, actually, there was no TPP negotiation, there was no RCEP negotiation. Meanwhile, you can find that a lot of important bilateral free trade agreements, such as between Japan and Australia, between South Korea and Canada, this type of bilateral FTA, without this type of FTA, you cannot imagine FTA in the region. But today, I think that the condition and the foundation already changed, obviously. You can find that both TPP and RCEP, two tracks already get obvious progress. Meanwhile, important bilateral and trilateral FTA also provided more and more conditions for formulation of FTA in the future. But this time, Chinese side just suggested we conducted a feasibility study on FTA. That means we hope that all economic entities in the region, we can work together and discuss what will be the possible roadmap for FTA in the region. I think it's the right time for us to consider this issue. Well, thank you very much. There are obviously a lot of very exciting developments happening in regional economic integration in the Asia-Pacific region. And I'm sure we'll all be watching closely to see how it comes out. Thank you for joining us. Thank you.