11 Pacific Rim countries say they’ve reached basic trade deal without U.S. - News Summed Up

11 Pacific Rim countries say they’ve reached basic trade deal without U.S.


DANANG, VIETNAM—In a major breakthrough, trade ministers from 11 Pacific Rim countries said they reached a deal Saturday to proceed with the free-trade Trans-Pacific Partnership deal that was in doubt after U.S. President Donald Trump abandoned it. A statement issued in the early hours Saturday said an accord was reached on “core elements” of the 11-member pact. The compromise was delayed by last-minute disagreements that prevented the TPP leaders from meeting to endorse a plan on Friday. Leaders of the 11 countries remaining in the TPP had been due to meet and endorse a deal worked out in last-minute talks overnight. But even talks this week on a declaration to cap the APEC summit had to be extended for an extra half day as ministers haggled over wording.


Source: thestar November 11, 2017 00:39 UTC



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