Min­is­ters af­firm com­mit­ment to TPP

Honolulu Star-Advertiser - - WORLD REPORT -

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.

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