Pacific Trade Deal Goes Forward Without United States

Prime Minister Jacinda Ardern is welcomed to Vietnam as she steps onto the tarmac

The Vietnamese trade minister says 11 Pacific Rim countries have reached a "fundamental agreement" on continuing with a free trade pact after the US abandoned it.

Leaders of TPP countries met on Friday to discuss next steps, but Japan said the meeting was postponed after Canadian Prime Minister Justin Trudeau did not join the other 10 leaders.

Trade ministers from 11 Pacific Rim countries announced an agreement Saturday on pushing ahead with a free-trade deal whose destiny was uncertain after President Donald Trump dropped it.

Those countries have now come back onside, International Trade Minister Philippe-Fran├žois Champagne told CBC News, and have agreed to the terms of the original TPP. The compromise was delayed by last-minute disagreements that prevented the TPP leaders from meeting to endorse a plan on Friday.

The 11 counties remaining in the trade pact rejected by President Donald Trump in January have been working to revise the deal to allow them to proceed without USA involvement.

One of Mr Trump's first official acts after inauguration was to formally withdraw from negotiations on the partnership, citing it as an example of "trade deals that put the interests of insiders and the Washington elite over the hard-working men and women of this country".

"This is subtly sending a message to the United States that Canada is not going to be agreeable to reaching any trade deal and Canada will be making its own tough negotiating stance".

"It is critical for the future prosperity of our country and for hard-working Canadians that Canada continues to aggressively pursue real market access improvements for our goods and series abroad", said Mr. Westcott.

Ministers from the eleven TPP countries met this week on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in the resort city of Danang in Vietnam.

Anil Kapoor to reprise his detective role in 'Race 3'?
Along with Salman, the film stars Jacqueline Fernandez, Saqib Saleem, Bobby Deol , Freddy Daruwala and Daisy Shah in lead roles. The first two films were directed by Abbas-Mustan, Race 3 will see Remo D 'Souza in the direction ground.

Trudeau had said days earlier that Canada would not be rushed into an agreement.

It seems the TPP trade deal is not sunk yet.

A report in Australia's Sydney Morning Herald said Trudeau "sabotaged" the talks at the last minute by failing to show up for the meeting.

As regular readers will know, MB's biggest concerns around the original TPP were that it would have extended patent and copyright protections, as well as instituted an Investor-State Dispute Settlement (ISDS) provision, which would have opened the door to multinational companies suing the Australian Government for implementing rules against their interests (e.g. on environmental, health and safety grounds).

Canada's position has been further complicated by the fact that it is simultaneously renegotiating the North American Free Trade Agreement (Nafta) with the Trump administration.

Mr Trump and the other 20 leaders of the APEC economies will on Saturday retreat into the Summit for private talks.

"We weren't ready to close it yesterday", Trudeau told reporters at the closing news conference for the APEC summit in Vietnam.

"We are still negotiating - this is a very, very complex negotiation", Freeland said. Chinese President Xi Jinping drew loud applause during a speech to the same group when he urged support for the "multilateral trading regime" and progress toward a free-trade zone in the Asia-Pacific.

Nevertheless, a joint statement set to be released Saturday but obtained Friday ignored the tension of earlier in the day. They're all attending the APEC Leaders Retreat in the afternoon.

Related news:

Hot News

isis-killer-beheading-video-story-top Nicki Minaj's brother is now a convicted rapist
Nov 12, 2017 - 01:53
Minaj is four years younger than her brother and the two grew up with their mom, Carol Maraj, and another sibling in Queens, NY. According to reports, the girl, now 14, testified Maraj would call her "his puppet" and told her she "wanted it to happen".

isis-killer-beheading-video-story-top Release of man-made killer mosquitoes will reduce disease population
Nov 12, 2017 - 01:50
According to Quartz, "When bacteria-infected males mate with uninfected females, the females produce eggs that don't hatch". It's a non-chemical way of dealing with mosquitoes, so from that perspective, you'd think it would have a lot of appeal.

isis-killer-beheading-video-story-top China Buys 300 Planes Worth $37 Billion from Boeing Co
Nov 12, 2017 - 01:48
A GE spokesperson said its engine orders were new, and deferred to Boeing on how much of aircraft order was new. In July, China Aviation Supplies announced it would buy 140 aircraft from Airbus in a deal worth $23 billion.

isis-killer-beheading-video-story-top George Takei Responds to Sexual Assault Allegation
Nov 12, 2017 - 01:40
Mr Brunton said he grew dizzy and "must have passed out", awaking to his trousers around his ankles and Mr Takei groping him. Later on, the pair then went back to George's home for a drink.

isis-killer-beheading-video-story-top Israel shoots down Syrian drone approaching Golan Heights
Nov 12, 2017 - 01:08
An Israeli Patriot missile intercepted a drone from Syria that approached the Jewish state's disputed border with Syria near the Golan Heights on Saturday.

isis-killer-beheading-video-story-top Delhi air pollution: United suspends flights to capital, cites 'severe weather'
Nov 12, 2017 - 00:53
Delhi and parts of other North Indian states have been engulfed in smog since Monday, raising serious health concern. They said they are monitoring the situation and are coordinating with concerned government agencies.

isis-killer-beheading-video-story-top Odd-Even put off due to NGT, Delhi govt standoff
Nov 12, 2017 - 00:50
To this, the Delhi Government stated that this couldn't be said as of now. Why don't you take proper steps for their maintenance.

isis-killer-beheading-video-story-top Padmavati second song: Ek Dil Ek Jaan creates lover's paradise
Nov 12, 2017 - 00:48
Dressed in the regal attires, Shahid and Deepika are looking exquisitely breathtaking while exploring their love together. The movie will release in 3D as well! Sanjay Leela Bhansali's soothing music justifies the song equally well.

isis-killer-beheading-video-story-top Iraq begins fight for final IS-held town, Rawa
Nov 12, 2017 - 00:47
Abdurrahman said ISIS launched a counteroffensive on Boukamal capturing more than 40 per cent of the town, mostly its northern neighbourhoods.

isis-killer-beheading-video-story-top Pittsburgh Breaks Record Low Temperature On Veterans Day
Nov 12, 2017 - 00:47
There also is a chance of showers after 11 a.m., but forecasters believe not more than one-tenth of an inch is expected to fall. Things will warm up slightly for this weekend's sunny Sunday, with highs reaching into the mid- to upper-40s.

isis-killer-beheading-video-story-top Bale suffers new injury during rehab process
Nov 12, 2017 - 00:46
GARETH BALE IS facing up to a month on the sidelines after Real Madrid confirmed another injury setback for the Wales worldwide . The Welshman suffered yet another injury in training which rules him out of the Madrid derby in the coming week.

isis-killer-beheading-video-story-top Hasbro Makes Bid For Rival Toymaker Mattel
Nov 12, 2017 - 00:35
CEO Margo Georgiadis, who took the reins in January, has warned the business would miss its revenue forecast for the full year. Both toymakers have been struggling with waning demand and the recent bankruptcy of Toys'R'Us, a major outlet for toy sales.

isis-killer-beheading-video-story-top Government's holdup of AT&T's acquisition of Time Warner worries some
Nov 12, 2017 - 00:27
But AT&T has said it doesn't want to lose the all-news network in the deal. "But I do believe you should have as many news outlets as you can".

isis-killer-beheading-video-story-top Disneyland shuts down cooling towers after reported disease outbreak
Nov 12, 2017 - 00:25
Of the 12 cases of Legionnaire's disease that emerged in September, nine were among people who visited Disneyland in September. That outbreak, which sickened 182 and resulted in 29 deaths, was traced to the convention hotel's air conditioning system.

isis-killer-beheading-video-story-top Mercedes team robbed at gunpoint in Brazil
Nov 12, 2017 - 00:23
Sebastian Vettel says he "chickened out" in qualifying at the Brazilian Grand Prix after Valtteri Bottas claimed pole on Saturday.