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Japan ready to host CPTPP chief negotiators' meeting

Japan is willing to host a meeting of chief negotiators of the newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in June or July, said a senior Japanese official in charge of the pact.

Minister in charge of the CPTPP Toshimitsu Motegi said the meeting will confirm the progress in each member country's ratification in order to bring the pact into force while discussing responses to other nations and regions interested in joining the framework.

Japan and the 10 other member countries aim to put the pact into force by the end of this year.

The 11 CPTPP economies with a combined population of about 500 million make up about 13 percent of the global GDP. The agreement will enter into force 60 days after it is fully ratified by six of the 11 members.

Minister Motegi said he believes brining the pact into effect is a top priority of the 11 members, while emphasising the possibility of additional partners joining the agreement.

The 11 members of the CPTPP, officially inked in Chile on March 8, 2018, are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Some other countries such as the Republic of Korea and Thailand have reportedly shown interest in joining the pact

Source: Vietnam Plus

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