Japan PM Abe welcomes broad agreement on TPP trade deal
Japanese Prime Minister Shinzo Abe yesterday 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 yesterday.
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.
WELCOMES: Japanese Prime Minister Shinzo Abe.