The move came almost two years after President Donald Trump's withdrawal dealt a major blow to what would have been the world's largest free trade pact. Trump pulled out of the Trans-Pacific Partnership (TPP) deal in one of his first post-election moves as part of his "America First" clarion call, declaring the 12-nation trade pact a "job killer." The 11 remaining countries have pledged to move ahead with the deal, which could go into effect by the end of this year, although in a significantly watered-down version without the U.S. They have kept a door open for Washington's return, and have also not ruled out allowing other non-Pacific countries to join the deal. Japan's foreign minister on Thursday encouraged the U.S. to come back to the pact, speaking at a regional World Economic Forum (WEF) where concerns over trade protectionism have dominated discussions. "We believe TPP is still the best option for (the) United States," Taro Kono said. "It will be very attractive for American … [Read more...] about Japan, Vietnam urge US to rejoin Pacific trade deal
Officials of the CPTPP member nations at the deal signing ceremony in Chile last March (Photo: AFP/VNA) Hanoi (VNA) – Vietnam and Japan on September 13 urged the US to rejoin the Trans-Pacific Partnership (TPP) deal, now renamed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), almost two years after US President Donald Trump withdrew from the deal, according to the AFP news agency. The AFP report quoted Japanese Foreign Minister Taro Kono, speaking at the World Economic Forum on ASEAN in Hanoi, as saying that CPTPP members believe that the agreement is still the best option for the US, and that it will be very attractive for US industries and farmers to join it. He added that the pact could be going into effect by the end of the year. Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh echoed Kono's appeal, calling the deal "a very high-standard agreement". The TPP used to be … [Read more...] about Foreign media: Vietnam, Japan call on US to rejoin CPTPP
Canada rejoins talks to stay in NAFTA, deal possible this weekThe Saigon Times Daily Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative's office in Washington, U.S., August 28, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - Canada’s top trade negotiator joins her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a revamped trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week. But Ottawa will be under pressure to accept new terms on autos trade, dispute settlement and intellectual property rules after the United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA). U.S. President Donald Trump warned he could proceed with a deal with Mexico alone and levy tariffs on Canada if it does not come on board with the revised trade terms. A spokesman for Canadian Foreign Minister Chrystia … [Read more...] about Canada rejoins talks to stay in NAFTA, deal possible this week
Viet Nam News WASHINGTON — After months of intense negotiations, the United States and Mexico agreed Monday on a thoroughly overhauled free trade pact, while talks with Canada are to begin on Tuesday. The uncertainty around the 25-year-old North American Free Trade Agreement now revolves around whether it can remain a three-nation deal, as President Donald Trump suggested he could cut Ottawa out. "It’s a big day for trade. It’s a really good deal for both countries," President Donald Trump said in announcing the agreement from the Oval Office, with Mexico’s President Enrique Pena Nieto participating by telephone. With the outlines of a NAFTA 2.0 now on paper, including provisions on auto trade, tougher worker protections and a provision to review the deal every six years, Canadian Prime Minister Justin Trudeau spoke to Trump and said the aim is to reach a new agreement. The leaders "had a constructive conversation" on NAFTA, and "look forward to … [Read more...] about US, Mexico finalise trade pact; Canada to rejoin talks on Tuesday
Dozens of screaming fans welcomed Brazil star Neymar on Thursday as he flew in to China to rejoin Paris Saint-Germain after his disappointing World Cup. Football star Neymar endured a turbulent World Cup as Brazil were stunned by Belgium in the quarter-finals and he was widely lampooned for his play-acting AFP/Miguel SCHINCARIOL Dozens of screaming fans welcomed Brazil star Neymar on Thursday (Aug 2) as he flew in to China to rejoin Paris Saint-Germain after his disappointing World Cup. The world's most expensive player, wearing a canary-yellow hoodie, posed for pictures with airport staff before his noisy welcome in the arrivals hall. Footage on Neymar's Twitter account showed him signing Barcelona, Brazil and PSG shirts before being guided through the crowd by minders and security staff. Neymar's arrival, ahead of Saturday's French Super Cup game against Monaco in Shenzhen, comes more than five months after his last appearance for PSG following a foot injury in late … [Read more...] about Neymar rejoins PSG on China tour
U.S. President Donald Trump said last week he would reconsider joining the landmark Trans-Pacific Partnership (TPP) trade agreement, if it were a “substantially better” deal than the one offered to President Barack Obama. Here is a look at the state of play in the negotiations and the conditions needed to be in place for the United States to join an agreement Trump scrapped as soon as he took office. What are the TPP and CPTPP? The original 12-member agreement was known as the TPP. It was a signature trade policy of Obama, but he was unable to secure Congressional support for the deal. It was thrown into limbo when Trump withdrew from the deal three days after his inauguration in January 2017, a move he said was aimed at protecting U.S. jobs. Following the U.S. withdrawal, the remaining 11 countries renegotiated parts of the TPP, removing some of Washington’s demands. In March, they signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership … [Read more...] about Trump says US could rejoin TPP if deal improved. How hard would it be?
US President Donald Trump signing the ordinance to withdraw the US from the TPP Comparing the multi-country trade agreement to a glasswork, Yoshihide Suga, Japan’s Chief Cabinet Secretary cautioned against any efforts to change it to accommodate President Trump. He told New York Times: “It is difficult to bring part of the pact and re-negotiate the CPTPP,” and called it a “well-balanced pact” that carefully addressed the needs of the current eleven member countries. Taro Aso, Japanese Minister of Finance, said he would welcome a decision by the US to explore rejoining the CPTPP. “If it is true, I would welcome it.” But he added that he needed to verify facts carefully. “Trump is a person who could change temperamentally, so he may say something different the next day,” Reuters reported. New Zealand’s Trade Minister David Parker questioned how real the engagement was, given similar comments of President Trump in Davos. … [Read more...] about US wish to rejoin to cause turmoil within CPTPP?
Ministers wave as they pose for the official picture before signing the rebranded 11-nation Pacific trade pact Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Santiago, on Mar 8, 2018. (CLAUDIO REYES/AFP) President Donald Trump has directed senior aides to explore rejoining the 11-nation Trans-Pacific Partnership if a "better deal" can be reached, the White House said on Thursday (Apr 12). The decision, which was welcomed by lawmakers from agricultural states, could mark an abrupt about-face for a president who had campaigned against the deal and swiftly withdrew from it after taking office last year. But the White House was quick to point out that Trump's decision, rather than a flip-flop, was consistent with earlier statements. "Last year, the President kept his promise to end the TPP deal ... because it was unfair to American workers and farmers," Deputy White House Press Secretary Lindsay Walters said in a statement. However, he "has consistently … [Read more...] about Trump considers rejoining TPP, the Pacific trade pact he once spurned
The US will consider rejoining the freshly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after it deals with other priorities, US Treasury Secretary Steven Mnuchin has said. US Treasury Secretary Steven Mnuchin (Photo: Bloomberg Mnuchin said that the Trump administration is now focusing on talks to renegotiate the North American Free Trade Agreement (NAFTA) and that it would be "a bit premature" to review details of what needs to be addressed for the US to reconsider joining the CPTPP. Theo VNA … [Read more...] about US to consider rejoining CPTPP after other priorities
US President Donald Trump (Photo: Reuters) US President Donald Trump speaks during a joint press conference with Norwegian Prime Minister Erna Solberg at the White House in Washington DC. "Frankly, it's an agreement that I have no problem with, but I had a problem with the agreement that they signed, because, as usual, they made a bad deal," he said. "So we can conceivably go back in," added the President. The Paris Agreement, Paris climate accord or Paris climate agreement is an agreement within the UN Framework Convention on Climate Change (UNFCCC) dealing with greenhouse gas emissions mitigation, adaptation and finance starting in the year 2020. As of November 2017, 195 UNFCCC members have signed the agreement, and 173 have become party to it. The Agreement aims to respond to the global climate change threat by keeping global temperature rise this century well below 2 degrees Celsius above pre-industrial levels, and to pursue efforts to limit the temperature increase even further … [Read more...] about US President Donald Trump says US “could conceivably” rejoin Paris…