they're trying to strike a deal for what's known as the trance pacific partnership or tpp. leaders of seven of the 11 countries discussing the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to eliminate tariffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that

will go ahead with tpp, without japan, let japan join later. the u.s. would like japan in it but japan has got to live up to the standards. that's the obama position. >>> market worries are not only focused on the u.s. fiscal cliff. problems in europe are weighing on sentiment. the european commission downgraded its forecast for economic growth next year. the eu executive arm announced its outlook for the 17 eurozone nations on wednesday. the commission now forecasts the eurozone gross domestic product will fall 0.4% in 2012 from a year earlier. that's the first negative growth in three years. it also predicts near zero growth, 0.1% for 2013. that's down 0.9% from its may forecast. the commission warns of more negative growth for cash-strapped greece and spain, and four other eurozone nations in 2013. it says the region's leading economy, germany, can expect growth of only 0.8%. that's all bad news for employment. the jobless rate is expected to hit nearly 12% next year. >> major policy decisions have laid the foundations for strengthening confidence. t

will go ahead with tpp, without japan, let japan join later. the u.s. would like japan in it, but japan has got to live up to the standards. that's the obama position. >> reporter: japanese prime minister yoshihiko noda has congratulated the u.s. president, and promise cooperation. the foreign policy will also welcome obama's second term. senior officials expect the u.s. will maintain its international policies, including focus on asia. but problems remain for japan/u.s. ties. there is a call to relocate the u.s. air station in oak thank you way. the deployment of the u.s. osprey transport aircraft is another sticking point. defense officials have yet to convince local population to accept training flights over their neighborhoods. in okinawa people are calling for stronger controls on u.s. troops after the recent sexual assault of a woman by u.s. servicemen. on the economy japanese officials will be preparing a response should the u.s. press japan into joining free trade talks for the transpacific partnership. there may be friction if the u.s. insists

. >> translator: our government must make a decision to join the negotiating table of the tpp as soon as possible. it's crucial to have japan's voice reflected in the process of creating free trade rules for the asia pacific region: more reactions to obama's re-election. japanese business leaders are expressing hope obama will fix the fiscal cliff, referring to deep cuts in government spending and expiring of income tax reductions. that's if u.s. lawmakers fail to come to a consensus by the end of this year. >>> chairman of the japan chamber of commerce and industry, tadashi okamura says he urges obama to take swift steps to avoid falling off the fiscal cliff. he says the problem is serious enough to affect not only the u.s. economy but the global economy as well. this comes at a time when the pace of recovery is slowing down. meanwhile, chairman association of corporate executives, yas chica hasegawa says he hopes to take measures to stimulate economic growth while he faces the task of rebuilding the country's finances. >>> european share prices are trading higher after the re-electi

within this context i inform the president that thailand will initiate negotiations on the tpp. we'll undertake the necessary domestic legislative process to make it become reality. the president and i had a discussion about regional issues and i welcome his upcoming historical visit with myanmar and cambodia. we'll bring our forecasts on southeast asia and believe we can help contribute to regional peace, securities, and prosperi prosperities. but our cooperation goes beyond the regions. at the global railroad, thailand is concerned with the threat of weapon of mass destruction, there, i informed the president the thailand will join the security initiative of psi. we believe that psi will help to end wmd from following into the wrong hands which is in the shared interests of all. the president and i also discussed on how to tackle transnation crimes and in particular human trafficking. i reaffirm my commitment to fight human trafficking which is equal to modern celebrity. we also discuss on combatting terrorisms and how to deal with the issue, especially in the term of disaster

we are aound 14 of the tpp. or is it important to conclude the talks? doyou think tpp can et done or is it enough to be at the table talking? course for canada, it was important to be at the table. the united states is our biggest trade partner. we already have the trade agreement with the united states. and with a couple of other of the tpp members and have ongoing negotiations with some of them. we do not want to be in a situation in the trade world where we become the spokes of arrangement. we want to be central in the network of global trading pit -- trade agreement. i think overall this will be to the benefit of both canada and the united states. canada and the united states are more likely to share perspectives on a very wide range of issues, not all issues. the united states will find will be sharing with some of the other players at the table. two things -- we are always intrigued and excited to be part of a multilateral process. i would say the more partners in a process, the tougher getting a deal is. in some kind of processes we have been inv

that means that soon you will start using http connection as opposed to tpp ttp.nd sports is next >> : now, here's stanley roberts who found people behaving badly. >> i literally count on one hand of how many times i've been in an altercation with a celebrity. this, the event that started one hour late was one of the most bizarre events for me, ever. there were fights, and people fighting because there were fights and. and people are like why are you fighting because they are fighting. at one point a heckler was tossed out. as they walked him by meet a small man jumped over me to get to that heckler in that small man was kat williams. this is one i wish i had a video camera but i have the help of you tube. at one point hesingle broke woman... and one even the security guards were going for the wadded up $100 bills and one wman got trapped with no one helping her. were being involved when it's the performance was throwing $100 bills. cat williams it did what we thought was a lead into his routine and talking about getting arrested and how he felt of the stadium whe

we are aound 14 of the tpp. or is it important to conclude the talks? doyou think tpp can et done or is it enough to be at the table talking? course for canada, it was important to be at the table. the united states is our biggest trade partner. we already have the trade agreement with the united states. and with a couple of other of the tpp members and have ongoing negotiations with some of them. we do not want to be in a situation in the trade world where we become the spokes of arrangement. we want to be central in the network of global trading pit -- trade agreement. i think overall this will be to the benefit of both canada and the united states. canada and the united states are more likely to share perspectives on a very wide range of issues, not all issues. the united states will find will be sharing with some of the other players at the table. two things -- we are always intrigued and excited to be part of a multilateral process. i would say the more partners in a process, the tougher getting a deal is. in some kind of processes we have been inv

we are aound 14 of the tpp. or is it important to conclude the talks? doyou think tpp can et done or is it enough to be at the table talking? course for canada, it was important to be at the table. the united states is our biggest trade partner. we already have the trade agreement with the united states. and with a couple of other of the tpp members and have ongoing negotiations with some of them. we do not want to be in a situation in the trade world where we become the spokes of arrangement. we want to be central in the network of global trading pit -- trade agreement. i think overall this will be to the benefit of both canada and the united states. canada and the united states are more likely to share perspectives on a very wide range of issues, not all issues. the united states will find will be sharing with some of the other players at the table. two things -- we are always intrigued and excited to be part of a multilateral process. i would say the more partners in a process, the tougher getting a deal is. in some kind of processes we have been inv

we're hearing from prime minister noda about trade relations, he says he'd like to join the tpp and setup a pre-trade agreement. he says he's still pursuing the path towards no nuclear energy by 2030. he says big election issues will be energy and economy. we may hear more from him with regard to stimulus or the election. if we do, we'll bring you that news when we get it. >>> now to gaza. the prime minister has arrived following two days of air strikes in which 19 palestinians and three israelis have reportedly been killed so far. joining us now from tel aviv where we know rockets landed nearby last night is martin fletcher. the fact that the rocket has the range capacity seems to be raising eyebrows. >> reporter: it handed pretty close. one landed in the sea and two more landed in other areas in open fields. didn't do any damage. but the symbolism is great because one of israel's key goals have been to destroy the long range capability of has mass. so the fact that after hundreds of israeli raids and strikes against those rocket centers hamas was able to launch rockets at tel aviv whi

. >> helping to fight off the tpp, one thing that we, on the economic growth in the future, i think wet and i think all the other countries who have been going off the economic and the economy, saw this is very important for the country for the future and stability of the economic growth will be to work on fair and also free markets. so that's why thailand thought that tpp is very important for the future, but of course, i think in the beginning of course the concern of the country or readiness of the country will be another issue we can work parallelly by the way, community building and after that, i think we can work along and understand and sometimes the benefits will be better to innovate all other countries. so it means to have more markets, to have market to work, so that's why we think it's important, but along the way we can work with. >> thank you very much. the last question goes to bloomberg news, please. >> thank you. i'm margaret with bloomberg news. mr. president, you're hereof course at that talk about asia, but much of the word's attention and yours has also been divert

the tpp is another example, intended to permit a 21st century mechanism for trade cooperation among theries of the pacific rim. two of the nine charter members are that american countries, and then we have mexico and canada that are in the process of joining these negotiations. then there are various dialogues the u.s. has with asian countries on issues related to latin america, the most prominent is the u.s.-china some dialogue on latin america. the u.s. also discusses issues on latin-american issues with south korea and japan. increasingly, there's more space for discussion of asia in u.s. talks with latin-american nations. but when considering this idea of a pacific strategy or u.s.- china-latin america apart trying diller relationship, there are a couple of questions that come to mind. the first is whether the obama administration will continue this foreign-policy pivot toward the pacific. it is my sense the general consensus is, yes, the administration will continue to prioritize and state -- the focus policies. the second is the extent which latin america as a region is factoring