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.
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video messaged outlining what he intends to do first when he takes office in January. The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy. Trump also pledged to reduce “job-killing restrictions” on coal production and stop visa abuses.
Uruguay, a founding member of Mercosur has been invited by Pacific Alliance members Colombia and Peru to update and expand commercial agreements with the two countries and turn them into a free trade treaty, foreign minister Rodolfo Nin Novoa revealed during a hearing in Congress to analyze the current situation in Mercosur.
The ITUC has called the Trans-Pacific Partnership Agreement (TPP) a major setback for employment and workers’ rights prospects, and signaled the determination of unions in TPP countries to oppose it. After five years of secret negotiations, twelve Asia/Pacific-Rim Ministers signed the agreement today in Auckland, New Zealand, amid strong criticism from trade unions and other civil society organisations.
The Trans Pacific Partnership, one of the biggest multinational trade deals ever, has been signed by ministers from its 12 member nations in New Zealand. The ceremony in Auckland brings the huge trade pact, which has been five years in the making, another step towards to becoming a reality. But the TPP continues to face opposition.
The long-awaited text of the landmark trade deal called the Trans-Pacific Partnership (TPP) has been released to the public for the first time. The text still has to be translated into the languages of the signatories. The TPP is one of the world's most extensive trade agreements, bringing together 12 Pacific rim countries, including the US and Japan.
President Barack Obama and Chilean President Michelle Bachelet pledged to work together to strengthen the ties between both nations, including projects on energy, education and free trade. Obama met in the Oval Office on Monday with Bachelet, whom he called his second favorite Michelle.
Peruvian president Ollanta Humala said he favoured the incorporation of the United States as observer to the Alliance of the Pacific, a free trade, pro-business and open market group made up of Chile, Colombia, Mexico and Peru.
US President Barack Obama and Chilean President Sebastian Piñera renewed their push for a trans-Pacific trade agreement at a meeting in the White House Oval Office on Tuesday that also touched on education and renewable energy.
Chile, Peru, Colombia and Mexico plan to sign an accord liberalizing 90% of trade among the group when they meet at the coming Pacific Alliance summit scheduled for May 23 in Colombia announced Chilean Foreign minister Alfredo Moreno.