` International Trade News | ABC Customs Brokers Ltd.

Wednesday, December 11, 2019

 

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Read More News »

 

TPP States Agree New Framework Needed to Implement Pact Without U.S.

The Japan Times Jul 20, 2017

The chief negotiators of the 11 Trans-Pacific Partnership countries agreed Thursday to aim to put the regional free trade deal into force under a new framework, following the withdrawal of the United States.

“The TPP was originally signed by 12 members so for the pact to come into effect with 11 countries, we need a new international agreement,” Japan’s chief negotiator Kazuyoshi Umemoto told reporters after chairing a two-day meeting at a hot spring resort southwest of Tokyo.

“We now have an image of how that agreement will be shaped.”

But it remains unclear how smoothly discussions will go, with the 11 countries remaining divided over issues such as how much to revise the original text.

Read Full Article on The Japan Times »