China Daily (Latin America Weekly) - - World -

have agreed on the new pact, known as the CPTPP, which sub­stan­tially low­ers tar­iffs on a wide range of goods.

Ever since US Pres­i­dent Don­ald Trump with­drew the US from the TPP in one of his ad­min­is­tra­tion’s first acts in Jan­uary, Ja­pan — the nextbiggest econ­omy in the group — has taken the lead in ne­go­ti­a­tions.

Seven TPP mem­bers are also in talks on an­other deal, the Re­gional Com­pre­hen­sive Eco­nomic Part­ner­ship. Its 16 mem­bers com­prise all 10 ASEAN na­tions as well as China, Ja­pan, In­dia, South Korea, Aus­tralia and New Zealand.

Chi­nese For­eign Min­istry of­fi­cial Zhang Jun said in Da Nang on Satur­day that the CPTPP would not im­pact the RCEP’s prospects.

RCEP mem­bers held a 20th round of talks last month and their lead­ers will meet again at the ASEAN sum­mit in Manila on Tues­day.

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