Countries agree on Pacific trade pact that excludes U.S. – POLITICO

July 24, 2024 | admin

(POLITICO)  Michael Tatarski, November 13, 2017 — DA NANG, Vietnam — Top trade officials from the 11 remaining members of the Trans-Pacific Partnership have agreed on a bare-bones plan to bring the pact into force without the United States, according to a joint statement provided to POLITICO by the Chilean government.

The move came one day after President Donald Trump sharply criticized large multilateral trade deals during his keynote speech at the annual APEC leaders summit here.

“Ministers are pleased to announce that they have agreed on the core elements of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),” the statement said.

About 20 provisions that were once part of the Trans-Pacific Partnership have been “suspended.” Notably, no agricultural commitment appears on the list.

Source: Countries agree on Pacific trade pact that excludes U.S. – POLITICO

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