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Quick Sign Off on TPP Trade Deal Far From Sure at Asia-Pacific Meeting

Posted November 08, 2017

Under Economic Issues, International Trade Issues


(Reuters)

Continuing disagreements over the Trans Pacific Partnership (TPP) trade deal ditched by U.S. President Donald Trump mean 11 remaining members may not be ready to give it a wholehearted go-ahead at a summit this week, officials said on Wednesday.

Clear agreement on proceeding without the United States would be a boost for the principle of multilateral free trade pacts over the bilateral deal-making that Trump argues will give a better result for American workers.

The TPP is also a counterweight to China’s growing regional dominance. Japan has been lobbying hard for agreement on the sidelines of this week’s Asia-Pacific Economic Cooperation (APEC) summit in Vietnam. Click here to read more.

Related: Canada Won’t Be Rushed Into TPP, Prime Minister Says (Reuters)