JavaScript is off. Please enable to view full site.

Pacific trade pact nations meet to discuss future without U.S.

Pacific trade pact nations meet to discuss future without U.S.

Wednesday, May 03, 2017, 08:29 GMT+7

Negotiators from the remaining members of the Trans-Pacific Partnership (TPP) gathered in Canada on Tuesday seeking ways to boost free trade in the region after the United States pulled out of the 12-nation pact.

The withdrawal killed off years of negotiations and left the region looking for ways to deepen economic ties without a United States that appears increasingly suspicious of multilateral deals.

The two-day meeting of senior officials in Toronto will deliver recommendations in time for an Asian trade ministers' meeting in Vietnam later this month.

Japanese Finance Minister Taro Aso said last month Tokyo would not rule out the option of negotiating a TPP-type agreement without the United States.

Joseph Pickerill, chief spokesman for Canadian Trade Minister Francois-Philippe Champagne, said officials will be looking at what kind of free trade arrangement or framework for the region would receive the most support.

"I wouldn't characterize it as being TPP part two," he said.

Asked about the chances of pressing ahead with "a TPP-minus-one deal," Champagne said on Monday: "We're going to see, and that's why we're meeting next in Vietnam. But what's important now is to look at all options".

President Donald Trump pulled the United States out of the TPP in late January, complaining about "ridiculous trade deals" he said had damaged the U.S. economy.

In March, Canadian Foreign Minister Chrystia Freeland said the TPP as originally drawn up could not exist without U.S. ratification, adding that some "sort of other combination of TPP interested countries could happen".



Read more




Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Latest news