Japan Taking Lead on TPP Without U.S.

Dan Industry News Release, Trade

Japan, TPP, Trans-Pacific PartnershipJapan is seeking to revive the Trans-Pacific Partnership trade deal without the United States. President Donald Trump in January removed the U.S. from the deal that was estimated to be worth more than $4 billion to U.S. agriculture. Now, Japan is seeking to amend the deal to 11 nations, cutting out the U.S., and moving forward. The Nikkei (Nee-kay) Asian Review reports Japan has confirmed that President Trump would not object to the deal moving forward without the U.S., paving the way for a possible final agreement. Tokyo aims to hold a TPP ministers meeting in Vietnam in late May to consider ways an 11-member pact could be brought into force. Doing so would require those members to settle on a revision to exclude the United States. However, for some countries, that means reopening the deal to renegotiation.

From the National Association of Farm Broadcasting news service.

Share this Post