Trans-Pacific Partnership moving ahead without US

The Trans-Pacific Partnership (TPP) signatory nations have agreed to examine moving forward with the trade deal after the departure of the United States, with the decision announced on Sunday at the Asia-Pacific Economic Cooperation (APEC) meeting in Vietnam. “Ministers and vice ministers from Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore, and Vietnam met today to discuss the Trans-Pacific Partnership,” they said in a joint statement . “The ministers agreed on the value of realising the TPP’s benefits, and to that end, they agreed to launch a process to assess options to bring the comprehensive, high-quality agreement into force expeditiously, including how to facilitate membership for the original signatories.” TPP officials from each country will meet in Japan in July and further discuss proposals on 10-11 November in Da Nang, Vietnam. According to reports by Reuters , one of the biggest challenges will be keeping Vietnam and Malaysia on board; both want to renegotiate the deal after originally signing up for the TPP exclusively to gain better access to US markets. Specifically, the TPP nations said they are looking to address their “concern about protectionism”; meanwhile, US Trade Representative Robert Lighthizer used APEC to hold one-on-one… Read full this story

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