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11 TPP countries to meet in Japan

Representatives from 11 Trans-Pacific Partnership (TPP) member countries are expected to meet in Hakone town, west of Tokyo, Japan on July 12.
11 TPP countries to meet in Japan ảnh 1Illustrative image (Source: Richard D. Wolff)
Hanoi (VNA) – Representatives from 11 Trans-Pacific Partnership (TPP)member countries are expected to meet in Hakone town, west of Tokyo, Japan onJuly 12.

The three-day meeting follows a breakthrough last week on a Japan-European Union trade dealreached after four years of negotiation, which marks a great advance in freetrade in the context of the US pulling back from the TPP.

Other TPPmembers hope to make progress on an alternative that does not include the US called“TPP 11” or “TPP 12-1” before the Asia-Pacific Economic Cooperation (APEC)Leaders’ Meeting in Vietnam in November.

The TPP was signed in February 2016 by Australia, Brunei, Canada, Chile, Japan,Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam-- covering around 40 percent of the global economy.

However, US President Donald Trump announced the withdrawalof the world's biggest economy from the TPP soon after taking office in January2017.-VNA
VNA
#11 Trans-Pacific Partnership member countries#TPP#Japan-European Union trade deal#Asia-Pacific Economic Cooperation#breakthrough
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