Meeting on TPP deal between eleven nations kicks off

YarnsandFibers News Bureau 2017-11-09 15:00:00 – Danang

Ministerial meeting on the Trans Pacific Partnership free trade agreement between 11 signatory countries kicked off Wednesday and expected to run depending on the progress of negotiations. The meeting aims to reach a broad agreement for the pact to take effect without the United States, which has pulled out of the deal.

At a breakfast meeting held on the first day, Toshimitsu Motegi, minister in charge of economic revitalization, called on the participants to sort out the issues to be addressed to reach an agreement, as well as specific points to be discussed.

The countries are yet to reach a broad agreement on some issues, such as which agreed-upon regulations should be frozen until the United States returns.

Through talks by chief negotiators of these countries and other means, decisions have been made on about half of the approximately 50 items suggested for freezing. The remaining are set to be decided politically.

Motegi plans to hold bilateral talks with ministers from almost all the countries and urge them to work toward a broad agreement to be reached as soon as possible.

Vietnam is also the focus of attention. It disagrees with other countries over such issues as relaxing rules for eliminating tariffs on textile products, a field in which it is strong, and securing the free flow of data used in e-commerce transactions.

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