Japanese minister says all TPP countries now agree on trade pact

Japanese minister says all TPP countries now agree on trade pact

Japanese minister says all TPP countries now agree on trade pact

"I am always going to put America first, the same way that I expect all of you in this room to put your countries first".

The US remains outside the agreement, at least during a Trump presidency, but negotiators hope the world's largest economy will rejoin a trade bloc that Japan has championed in part because it represents a bulwark against rising Chinese geo-political influence.

Trump set out a strong message which made clear there was no turning back - particularly in a region which he believes is taking U.S.jobs by running trade surpluses with the United States. There, Trump opted for flattering Xi and blaming past USA presidents for the trade deficit.

"This is not the first time the TPP has faced some challenges", the Trade Minister said.
Ottawa had been pushing the other parties to make changes to how the treaty would affect areas like culture, intellectual property and the auto sector.

US officials have raised similar concerns in the past about China, especially with regard to intellectual property.

Staying away from the meeting wasn't a negotiating strategy, but it did yield results, the official claimed. After some disagreements between the two during the tête-à-tête, Abe told the other waiting leaders that the meeting was off, and Trudeau went on to meet with Facebook executive Sheryl Sandberg.

"It is true that Canada did not attend that meeting and those talks have now been postponed".

"Through a pragmatic response of the officials involved we could come to an agreement", Motegi said.

In Da Nang on the eve of the APEC Summit, Mr Trump has given an address to business chiefs, explaining that his administration will put bilateral (or one-one) trade deals ahead of multi-lateral trade pacts.

Members of the Trans-Pacific Partnership (TPP) have agreed a new framework to revive the proposed trade deal, following the USA withdrawal earlier this year.

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That issue was resolved during the day before the aborted leaders' meeting.

"Very late in the negotiation we tried to influence the outcome of this negotiation - we tried to get rid of them completely, we were unsuccessful in that".

China's announcement didn't merit a mention in the 1,392-word statement the White House released about what happened while Trump was in China.

"This is already a very, very fast process considering how complicated the agreement is and the fundamental change with the US withdrawing makes to the geometry of that agreement".

"It would be fair to say that there is still a little bit of clarification required around where those talks have finally landed", Ms Ardern told reporters in Vietnam on Saturday. They also changed the trade accord's name to the unwieldy Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

A weaker TPP means lower leverage for the Japanese side in trade negotiations with the United States, political analysts said.

Other APEC members have stuck with their usual mantras of free trade and economic integration.

Japan stresses that trade issues related to the United States will be left to a high-level economic dialogue overseen by Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence, in an apparent bid to avoid open confrontation between the countries' leaders.

Canada has been a "dialogue partner" of the peace and security group for 40 years, but Trudeau said he has no plans for have a formal bilateral meeting with the Filipino leader.

Information for this article was contributed by Jill Colvin, Jonathan Lemire, Tran Van Minh and Elain Kurtenbach of The Associated Press; and by Jennifer Jacobs, Peter Martin and Craig Gordon of Bloomberg News.

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