Forgot password?
Sign up today and your first download is free.
REGISTER
Trans-Pacific Partnership member countries have not discussed delaying the deal's conclusion to accommodate possible interest from the United States, Australia’s ambassador to the U.S., Joe Hockey, said on Monday.
A top Treasury official said on Friday that a tougher trade negotiating team installed by President Trump is one reason the U.S. could reconsider its stance on the Trans-Pacific Partnership.
A top Treasury official said on Friday that a tougher trade negotiating team installed by President Trump was one reason the U.S. could reconsider its stance on the Trans-Pacific Partnership.
Turnbull, who still hopes for a U.S. return to TPP, said last week that trade would be on the agenda for the Feb. 23 meeting.
“The so-called group of 11 is not completely resolved on its own let alone resolved relative to what concessions they might make to the United States, so it’s a little bit early to judge that one.”
Days after the 11 parties to the new Trans-Pacific Partnership announced they had concluded negotiations for a deal without the U.S, President Trump said he would be open to negotiating some form of multilateral trade agreement with those countries -- adding a new dimension to the countries' goal of signing the TPP-11 in March.
The U.S. is open to negotiating a multilateral trade deal with Trans-Pacific Partnership countries, President Trump said at the World Economic Forum on Friday.
“ We have agreements with several of them already. We would consider negotiating with the rest either individually or perhaps as a group if it is in the interest of all.”
“Somebody asked me the other day would I do TPP? Here's my answer. I would do TPP if we made a much better deal than we had. We had a horrible deal.”
“The CPTPP would ensure that treatment of Canadian autos are not disadvantaged compared to autos of other countries.”
A year to the day after President Donald Trump withdrew the United States from the pact, the 11 remaining Trans-Pacific Partnership countries have concluded negotiations in Tokyo for an agreement on their own, though some thorny issues have been pushed to side deals.
The agreement is said to be on track to be signed in Chile on March 8.
The 11 parties to the revamped Trans-Pacific Partnership could wrap up talks for a new deal as early as March, though doing so could require leaving Canada behind, Wendy Cutler, a former U.S. trade official who negotiated TPP, told Inside U.S. Trade this week.
“With these kind of plurilateral relationships, there doesn’t have to be any geographical restriction.”
President Trump's decision to withdraw from the Trans-Pacific Partnership during his first month in office disheartened the other 11 countries that had spent years haggling with the U.S. and each other over the deal -- the crown jewel of Trump’s predecessor’s trade policy.
The economy minister said “I believe the fact that 20 items are put on hold will encourage the U.S. to come back to the table.”