Thursday, May 04, 2017
Guess What? The TPP May Not Be Dead After All.
The Japanese government is proposing a revival of the Trans Pacific Partnership only without the United States.
An idea has emerged that the Trans-Pacific Partnership can take effect among at least five nations including Japan, Australia and New Zealand, instead of 12, sources involved in the negotiations said.
The idea cropped up as the 11 states involved discussed what to do with the aborted free trade pact in the wake of the United States’ withdrawal earlier this year under President Donald Trump, the sources told Kyodo News on Wednesday.
At the just-finished two-day meeting of top negotiators from the 11 parties, Tokyo argued for making the TPP take effect without the United States at an early date by tweaking the original agreement, they said.