Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Japan PM Abe says welcomes broad agreement on TPP trade deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 08:31am CEST
Japan's Prime Minister Shinzo Abe speaks during a news conference with U.S. President Donald Trump at Akasaka Palace in Tokyo

DANANG, Vietnam (Reuters) - Japanese Prime Minister Shinzo Abe on Friday welcomed "a broad agreement" reached by the 11 countries in the Trans Pacific Partnership (TPP), even as others in the trade pact disputed that any deal had been reached.

Trade ministers from the TPP countries met on Thursday on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in Danang, Vietnam.

After the meeting, Japan said an agreement in principle had been reached, but the Canadian trade minister said on Twitter: "Despite reports, there is no agreement in principle on TPP."

The spat highlighted the continuing challenge to reviving a pact whose survival was thrown into doubt when President Donald Trump ditched it, in one of his first acts in office, in favour of bilateral deal-making by the United States.

Abe told Peru's President Pedro Pablo Kuczynski that he welcomed a broad agreement reached at the TPP ministerial meeting, a written statement by the Japanese government said on Friday.

The Japanese leader told Kuczynski that Japan would like to continue cooperating closely with Peru, one of the TPP countries, so that the pact will go into effect at an early date.

Japan had lobbied hard to proceed with a pact after the U.S. withdrawal that could also help to contain China's growing regional dominance.

The TPP aims to eliminate tariffs on industrial and farm products across a bloc whose trade totalled $356 billion last year. It also has provisions for protecting everything from labour rights to the environment to intellectual property - one of the main sticking points.

Leaders of the 11 TPP countries are scheduled to meet Friday afternoon.

In a separate panel discussion at the APEC summit on Friday, Malaysian Prime Minister Najib Razak said he was "reasonably confident" a deal could be reached without the United States.

"We believe TPP is important for the region... The 11 countries led by Japan, we are trying to come up with our new version," Najib said.

"I am reasonably confident. I am quite sanguine that we will get a deal but of course it has got to go through the process of ratification," he said.

(Reporting by Kiyoshi Takenaka and A. Ananthalakshmi; Editing by Richard Borsuk)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
11:33aParis ends Autolib electric car sharing contract with Bollore
RE
11:33a2018 EU PRIZE FOR WOMEN INNOVATORS : Commission awards four outstanding entrepreneurs
PU
11:33aAPI : Streamlining implementation of air quality standards promotes public health, environmental protection and economic growth
PU
11:28aKENT COUNTY MI : Safe Propane Tank Disposal Important for Worker
PU
11:24aBoE chief economist votes for rate rise, boosting chance of Aug move
RE
11:23aMLGW MEMPHIS LIGHT GAS AND WATER DIVISION : to Perform Maintenance Involving Mercaptan
PU
11:21aOPEC edges closer to raising oil output, Iran's agreement is key
RE
11:21aOil falls ahead of expected OPEC deal to raise supply
RE
11:20aOil falls ahead of expected OPEC deal to raise supply
RE
11:18aAICGS AMERICAN INSTITUTE FOR CONTEMPORARY GERMAN : Mitigating the Adjustment Costs of International Trade
PU
Latest news "Economy & Forex"
Advertisement