Friday, 10 November 2017

Disagreement over TPP pact as ministers huddle in Vietnam

Disagreement over TPP pact as ministers huddle in VietnamAsia-Pacific nations struggled to salvage the sprawling TPP trade deal Friday following America's rejection of the original pact, with Canada refuting reports an agreement in principle had been struck. The Trans-Pacific Partnership (TPP) was initially a US-led initiative between 12 nations accounting for 40 percent of global GDP, but deliberately excluding Washington's regional rival China. It was thrown into disarray when President Donald Trump abruptly pulled out of the deal at the start of the year, dismaying allies including Japan, Australia, Canada and Vietnam.




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