China says it wel­comes the TPP

China Daily (Canada) - - NEWS CAPSULE -

The Min­istry of Com­merce said China wel­comes the agree­ment on the Trans-Pa­cific Part­ner­ship free trade pact and hopes it can fa­cil­i­tate talks on other re­gional free trade deals to push eco­nomic growth in the Asia-Pa­cific re­gion.

The com­ments came af­ter the trade min­is­ters of the United States and 11 other coun­tries in the Pa­cific Rim reached an agree­ment on the TPP in At­lanta on Mon­day, even though the fi­nal rat­i­fi­ca­tion of the deal in the mem­ber na­tions is far from cer­tain.

Af­ter more than five years of ne­go­ti­a­tions, the agree­ment was signed by Aus­tralia, Brunei, Canada, Chile, Ja­pan, Malaysia, Mexico, New Zealand, Peru, Sin­ga­pore, the US and Viet­nam, which to­gether ac­count for 40 per­cent of the world econ­omy.

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