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 CET
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"
06:32pTrump signals open to mileage tax with praise of Oregon program
RE
06:28pAs Wall Street boosts rate hike bets, Fed doubts remain
RE
06:28pHome Sales Post Their Sharpest Drop in Three Years -- 2nd Update
DJ
06:26pUN ESCWA UNITED NATIONS ECONOMIC AND SOCIAL COMM : Mother language as a tool of self-expression and openness to the world
PU
06:26pUK DEPARTMENT FOR BUSINESS ENERGY & INDUSTRIAL ST : NFU Conference 2018
PU
06:24pU.S. Existing-Home Sales Slumped in January -- Update
DJ
06:21pAAR ASSOCIATION OF AMERICAN RAILROADS : Rail Traffic for the Week Ending February 17, 2018
PU
06:16pSTOCKPORT METROPOLITAN BOROUGH COUNCIL : Fuel Poverty Awareness Day 2018
PU
06:16pTrump Economic Report Blames Obama Policies for Slow Growth
DJ
06:08pU.S. Treasury recommends preserving Dodd-Frank bank resolution regime
RE
Latest news "Economy & Forex"
Advertisement