TPP deal advances without US

13 November, 2017, 00:26 | Author: Dustin Murphy
  • National's Todd Mc Clay says TPP would be a big win for NZ exporters and trade liberalisation in general

Countries in the Trans Pacific Partnership (TPP) have agreed on steps to move ahead with the trade deal despite resistance from Canada at talks in Vietnam that had put new doubts over its survival, officials said.

Japanese Economy Minister Toshimitsu Motegi said he hoped that moving ahead with the deal would be a step towards bringing back the United States.

Instead they found Japan's Prime Minister, Shinzo Abe, holding crisis meetings with Canada's Justin Trudeau over an undisclosed issue.

Prime Minister Jacinda Ardern says she doesn't want to speculate but the deal appears to be in a much more stable place than it was on Friday afternoon when Canada withdraw from talks without explanation.

"While we understand difficult negotiations on a number of sensitive issues remain, we are optimistic that with good will and hard work trade negotiators will bridge the remaining gaps so that high-value Canadian agri-food exporters, including Canadian Spirits manufacturers, will soon be able to benefit from important new market access opportunities", said Jan Westcott, President & CEO of Spirits Canada.

The TPP leaders called off at the last minute a meeting to endorse a plan on Friday.

Taking the agreement forward is a boost for the principle of multilateral trade pacts after US President Donald Trump ditched the TPP early this year in favour of an "America First" policy he believes would save US jobs.

They also changed the trade accord's name to the unwieldy Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The talks were "very productive, ' but more discussion was needed, Mexican Economy Minister Ildefonso Guajardo was reported to have said on Thursday".


The 11 countries' ministers had agreed to sign off on a "substantial conclusion" to salvage the deal on the sidelines of the Asia Pacific Cooperation summit in Vietnam on Friday evening.

Indeed, since his arrival in Vietnam, Trudeau has said he wouldn't cave to "pressure" from others, telegraphing that Canada did not have its pen in hand heading into Danang, the site of the APEC conference.

Partly to counter China's growing dominance in Asia, Japan had been lobbying hard for the TPP pact, which aims to eliminate tariffs on industrial and farm products across the 11-nation bloc whose trade totalled $356 billion previous year.

As regular readers will know, MB's biggest concerns around the original TPP were that it would have extended patent and copyright protections, as well as instituted an Investor-State Dispute Settlement (ISDS) provision, which would have opened the door to multinational companies suing the Australian Government for implementing rules against their interests (e.g. on environmental, health and safety grounds).

Japan and Vietnam are expected to make statements later on Saturday which Mr Parker said would outline those areas. The official said the changes didn't come until after Canada informed the group it wasn't going to agree to the deal without them. China is not part of the TPP.

At this stage there's no meeting of all 11 leaders planned for Saturday.

On Sunday, Trudeau will attend the ASEAN summit of 10 Southeast Asian leaders in Manila, hosted by President Rodgrigo Duterte, who has faced harsh global criticism for his human rights record.

"The reality is that showing we are in the process of diversifying our economic interests helps us in the NAFTA negotiations", he said.

Recommended:

  • I Didn't 'Make Decision' to Recommend AT&T Sell CNN

    I Didn't 'Make Decision' to Recommend AT&T Sell CNN

    AT&T has argued against selling off either company's assets, as it believes this would undercut the rationale for the tie-up. Those remarks put AT&T and DOJ on a collision course, policy analysts said, which may lead to DOJ suing to block the deal.
    Woman pleads guilty to marrying her mother after they 'hit it off'

    Woman pleads guilty to marrying her mother after they 'hit it off'

    She reportedly said her mother told her she had received legal advice indicating that their marriage was legal. Under Oklahoma law, marrying a close relative is considered incest whether or not the relationship is sexual.
    Tunisia, Morocco, reach Russian Federation  2018

    Tunisia, Morocco, reach Russian Federation 2018

    Morocco and Tunisia have joined Nigeria, Egypt, and Senegal as the African teams who will be playing in the World Cup this summer. Dirar opened the scoring off a cross-turned-shot on 25 minutes and Benatia doubled the lead after a corner on the half-hour.
  • Hasbro reportedly offered to buy Mattel

    Hasbro reportedly offered to buy Mattel

    Mattel market value stands at about $5 billion this year, while Hasbro claims more than double that at $11 billion. Merger talks between Hasbro and Mattel are back on again, according to a new report from The Wall Street Journal .
    EA Acquires Respawn Entertainment For (Up To) $455 Million

    EA Acquires Respawn Entertainment For (Up To) $455 Million

    For $151 million, plus more in long-term equity, Respawn Entertainment is now officially under EA's banner. Now, Respawn Entertainment will be working more closely with EA, as they have been bought by the company .
    Places around Madison for Veterans Day discounts

    Places around Madison for Veterans Day discounts

    Toys "R" Us and Babies "R" Us: Customers with valid military ID receive 15 percent off in-store purchases from November 4-11. A 10% discount is also offered to all other military veterans on Memorial Day, Fourth of July, Labor Day and Veterans Day.
  • Dier skippers England to a draw with World Champions Germany

    Dier skippers England to a draw with World Champions Germany

    It would be a good experience for a couple of the under-21s to come with us anyway and have a couple of days with the senior team. Loftus-Cheek has made just 20 starts on the domestic scene since being handed his professional debut in December 2014.
    Stream This Week's Best New Albums From Taylor Swift, Kamaiyah, And More

    Stream This Week's Best New Albums From Taylor Swift, Kamaiyah, And More

    It's basically like any Taylor Swift Pandora station, but there's a chance a song from reputation will appear. Today, one of the most anticipated albums of 2017 was finally released.
    Syria To Sign Paris Climate Pact, Leaving Only US Opposed

    Syria To Sign Paris Climate Pact, Leaving Only US Opposed

    But he has been vague about what that means, especially since the pact gives all nations power to set their own goals. The Trump administration has not said what those terms might be. "Now he'll be isolated from all nations", he said.
  • Russian Federation  to amend law to classify media as 'foreign agents'

    Russian Federation to amend law to classify media as 'foreign agents'

    The U.S. intelligence agencies allege that RT served as a tool for the Kremlin to meddle in the 2016 U.S. presidential election. That much was revealed by Russian Foreign Ministry Spokeswoman Maria Zakharova in an interview on Russian television.
    Ex- Trump aide Flynn investigated over plot to kidnap Turkish dissident

    Ex- Trump aide Flynn investigated over plot to kidnap Turkish dissident

    Multiple sources with knowledge of the investigation confirmed the direction of Mueller's probe to The Wall Street Journal Friday. It is unclear how Flynn, as national security adviser, could have successfully carried out either alleged request.

    Apple preparing to release AR headset in 2020

    AR could help Apple re-energize its fan base and re-establish its mobile leadership, according to TechRepublic's Conner Forrest . With augmented reality, you aren't shut off from the world around you, but virtual elements can be overlaid on the real world.


Popular

Disneyland shuts cooling towers after Legionnaires' outbreak
Outbreaks often happen in hot tubs, cooling towers and large air-conditioning systems that emit water vapor into the air. It is treated with antibiotics, which can improve symptoms and shorten the length of illness.

Trump will not meet with Putin in Vietnam: White House
One woman, Leigh Corfman, said she was 14 when Moore, then 32, had sexual contact with her, though they did not have intercourse. He told the Washington Examiner "there is nothing to see here" - and referred to the Bible as a defense.

Hope Solo accuses Sepp Blatter of sexual assault at awards ceremony
Blatter also famously argued in 2004 that players could boost the popularity of the women's game by wearing tighter shorts . I didn't get to tell him directly "don't ever touch me".

Peninsula School Honors Veterans at Take a Veteran to School Day Event
There will be a soup, bake and craft sale with vendors at the Beech Creek-Blanchard Fire Company Social Hall from 9 a.m.to 4 p.m. Groups from the school system participating included music ensembles from Veterans Elementary and the Howard High School JROTC.

Pixel Buds pre-orders now heading out Google's doors
The Pixel 2 XL flashing screen was even caught on a video and shared on the Phandroid YouTube channel. However, the fix is not a permanent one and users might have to replace their devices.

Record-Breaking Performance: Student-Athlete Graduation Success Rate Tops 80 Percent
The NCAA began gathering GSR data with the freshman class of 1995 and its latest release represents freshmen who enrolled in 2010. This is the 13th year that the NCAA has calculated data for the GSR and the Wolf Pack's rate has risen nine times in that span.

Here Are the Best Walmart Black Friday Deals (So Far)
Both will also offer deals and perks to all shoppers, including free in-store pickup and free shipping on orders of $49 or more . Walmart's Black Friday sales begin today, and the best part is you don't have to leave your home to take advantage of them.

Rian Johnson Tackling a New Trilogy
Chewbacca (Joonas Suotamo) and director Rian Johnson hang out in the Millennium Falcon on the set of 'Star Wars: The Last Jedi '. EA has outlined four weeks of planned content, dubbed The Last Jedi Season , following the release of Star Wars Battlefront 2 .

Cowboys RB Ezekiel Elliott denied injunction to block 6-game suspension
Atlanta and barring another legal plot twist Elliott will miss Dallas's next six games - including November 30 vs. the Redskins. The NFL could have allowed Elliott to play either last week or this week because of the timing of the courts' decisions.

TripAdvisor icon can mark where serious incidents are alleged
They advise anyone considering visiting the properties to "perform additional research for information" when making travel plans. Two other women told the newspaper they too were raped or assaulted at a resort in Mexico.