Ministers affirm commitment to TPP
HANOI, VIETNAM >> The Pacific Rim trade ministers meeting in Vietnam committed today to move ahead with the Trans Pacific Partnership trade pact after the United States pulled out. New Zealand Trade Minister Todd McClay said the remaining 11 TPP countries are open to others joining provided they accept the trade agreement’s standards on labor and environmental protection.
In its current form, the TPP requires U.S. participation before it can go into effect. The 11 countries represent roughly 13.5 percent of the global economy, according to the World Bank.