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New hope for TPP?

Represent 11 countries agreed to cooperate closely to TPP may effect the earliest.

Right 12/7, in Kanagawa Prefecture, Japan, a meeting between high-level representatives 11 countries participating in the Partnership Agreement Trans-Pacific (TPP) not including the US have been conducted.

Japan-as the Chairman has suggested the countries participating in collaborative efforts to the Agreement can be implemented soon.

Japan also mentioned the results of the ministerial meeting was held in May 5 past in Vietnamconfirmed that at this meeting has obtained positive results when overcome the different views.

In the discussion the first working day, Japan, NewzealandCanada has general stance is the need to adjust the conditions in the Agreement without the participation of the United States to that Agreement takes effect soonVietnam and Malaysia also hopes the contents in accordance with the Agreement on the domestic market for these markets could expand exports to the US market.

End of the first working day, represent 11 countries agreed to cooperate closely to the Agreement soonest possible effectbut should also have no uniform opinion in each of the contents of the Agreement.

Other members of the TPP is hoping to make progress in finding a replacement agreement without the participation of the UScalled “TPP 11” or “TPP 12-1,” before the Summit of Asia-Pacific Economic Cooperation (APEC) place in Vietnam in May 11 I.

TPP was signed in May 2/2016 by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, US and Vietnam – account for about 40% global economy.

However, immediately after ongDonald Trumptuyen inaugurated US President, the US has declared withdrawal from the multilateral agreement to focus on the bilateral trade agreements. /.

Source: VOV

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