Uruguayan President Luis Lacalle Pou is off on an official mission to Japan to boost bilateral trade, it was reported Tuesday in Montevideo. In the meantime, Vice President Beatriz Argimón will be in charge of the Executive until Oct. 31.
Uruguayan President Luis Lacalle Pou Tuesday announced his administration would seek to join the Trans-Pacific Partnership (TPP) in its current form and that, to that end, he will seek endorsement from all political parties.
The United Kingdom will formally apply to join one of the world’s largest free-trade areas, deepening trade ties with some of the fastest-growing markets in the world. International Trade Secretary Liz Truss will speak to ministers in Japan and New Zealand to request to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), with formal negotiations set to start this year.
Britain would be welcomed into the Trans-Pacific Partnership trade pact “with open arms” by Japan, the country’s prime minister has said. Shinzo Abe also urged the use of “wisdom” during Brexit talks in order to avoid a no-deal withdrawal from the EU.
Japan is encouraging more countries from Central and South America to join the reworked Trans-Pacific Partnership trade pact, in hopes of both capturing the potential of these markets and pressuring the U.S. to return to a framework it left last year.
The World Trade Organization meeting in Buenos Aires concluded a ministerial meeting Wednesday with nothing significant to boast -- a meager outcome for its first gathering in the Donald Trump era.
Asia-Pacific trade ministers agreed to try to revive a massive free trade pact, even though the United States reaffirmed its decision to pull out, as fears grow of a new global era of protectionism. The 12-nation Trans-Pacific Partnership (TPP) covered 40% of the global economy before US President Donald Trump abruptly abandoned it in January, to meet a campaign pledge to save American jobs which he says have been sucked up overseas.
Mercosur expects to sign a framework accord this year for a trade deal with the European Union as the U.S. shift to isolationism under President Donald Trump encourages it to look outside the hemisphere for opportunities, Brazil's foreign minister Aloysio Nunes said on Tuesday.
President Donald Trump has fulfilled a campaign pledge by signing an executive order to withdraw from the Trans-Pacific Partnership (TPP). The 12-nation trade deal was a linchpin of former President Barack Obama's Asia policy.
The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.