News | Business
18 Oct 2017 22:22
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Olympic Games
  • Ski Report
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    TPP minus US starting to gain ground

    Japan is behind moves to resurrect the Trans-Pacific Partnership following the US withdrawal, but opponents warn it could become an election issue.

    21 April 2017

    The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump.

    The move has sparked alarm among anti-TPP activists, who believed the agreement between 12 Asia-Pacific economies would be abandoned once the US had left it.

    Trade ministers, including New Zealand's Todd McClay, are due to meet in Hanoi on the sidelines of an APEC trade ministers' summit on May 21 and 22, and trade officials are scheduled to meet on the TPP-11 project in Canada on May 2 and 3 to try and map out a process for reviving the deal, according to international media reports.

    The Nikkei Asian Review reported Japan's deputy prime minister, Taro Aso, as saying the remaining participants would "begin talks on implementing the deal in May" during a speech in New York.

    Auckland University law professor and a leading campaigner against the TPP, Jane Kelsey, warned in a statement that "if Todd McClay commits New Zealand to this path, he will guarantee that the TPPA becomes an election issue".

    A key issue, if TPP is to be resuscitated without US involvement, will be the likely push by many signatories to renegotiate elements of the original pact that were inserted as a result of US demands.

    The 11 remaining signatories are Japan, Australia, New Zealand, Chile, Brunei, Vietnam, Singapore, Canada, Mexico, Malaysia and Peru.


    NZN




    © 2017 NZN, NZCity


     Other Business News
     18 Oct: Economists call for living wage
     18 Oct: Shares rise, buoyed by offshore interest
     18 Oct: Clash over 'moveable feast' media appeal
     18 Oct: Citic builds stake in Tourism Holdings
     18 Oct: Mercury, Genesis increase generation
     18 Oct: Financial 'robo-advice' fast-tracked
     18 Oct: Dairy prices slip at GDT auction
     Top Stories

    RUGBY RUGBY
    NZ Rugby tweaks board selection process More...


    BUSINESS BUSINESS
    Economists call for living wage More...



     Today's News

    Rugby:
    NZ Rugby tweaks board selection process 21:57

    Entertainment:
    Harry Judd smoked strong skunk cannabis at school 21:33

    Soccer:
    Sydney, Wanderers trade derby barbs 21:17

    Law and Order:
    Donald Trump tells Sergeant La David Johnson's widow: 'He knew what he signed up for' 21:07

    Entertainment:
    Harvey Weinstein wants to keep making movies even if it's not with The Weinstein Company 21:03

    Accident and Emergency:
    West Coast fisherman search ends for day 20:37

    Entertainment:
    Michael Fassbender and Alicia Vikander had an environmentally-friendly wedding 20:33

    Entertainment:
    Blac Chyna didn't have Tyga's phone number until they started planning their son's birthday party 20:03

    Entertainment:
    J.K. Rowling has been named the highest-paid European celebrity after earning £71 million 19:33

    Entertainment:
    Marilyn Manson has branded Justin Bieber a "girl" with the "mind of a squirrel" 19:03


     News Search






    Power Search


    © 2017 New Zealand City Ltd