News | Business
29 Apr 2017 3:59
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Olympic Games
  • 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
     28 Apr: ACCC drops action against Fonterra
     28 Apr: Kaikoura quake to shave 0.1pc from GDP
     28 Apr: NZ business confidence still upbeat
     28 Apr: Exports rise 11pc to 2-year high in March
     28 Apr: Any more surprises in the budget?
     28 Apr: NZ wool volumes still high at auction
     28 Apr: SkyCity posts dip in third-quarter revenue
     Top Stories

    RUGBY RUGBY
    Chiefs confident replacements can step up More...


    BUSINESS BUSINESS
    ACCC drops action against Fonterra More...



     Today's News

    Soccer:
    The man who gets Sydney FC ready to wiggle 21:56

    Rugby League:
    Broncos' Milford named for Samoa Test 21:16

    Law and Order:
    Boy found safe in Newcastle after being taken from Brisbane's Lady Cilento Hospital 21:06

    Law and Order:
    Private funeral for Verity McLean 19:26

    International:
    Donald Trump's learning curve has at times been beyond vertical in first 100 days… but it's early 19:26

    Soccer:
    Sydney FC the fittest? Not so, says Lowe 18:56

    Health & Safety:
    Hemp seeds to be allowed in food in NZ 18:36

    Basketball:
    Sydney Kings chasing big men for NBL 18:06

    Rugby League:
    Nicoll-Klokstad backed to make NRL grade 17:26

    Business:
    ACCC drops action against Fonterra 16:56


     News Search






    Power Search


    © 2017 New Zealand City Ltd