News | Politics
21 Feb 2018 18:16
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • 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 > Politics

    TPP is back on but not ready for signing

    Prime Minister Jacinda Ardern is more confident of progressing the Trans-Pacific Partnership after Canada returned to the negotiating table.


    The Trans-Pacific Partnership is back on and this time it's got a new name.

    Prime Minister Jacinda Ardern says she doesn't want to speculate but the deal appears to be in a much more stable place than it was on Friday afternoon when Canada withdraw from talks without explanation.

    But it's still not a done deal.

    Trade ministers, including David Parker, held emergency talks in Da Nang, Vietnam, on Friday night while leaders were at the APEC Summit gala dinner.

    Canada's representatives were at the meeting and appear to have re-entered talks.

    "After such dramatic movement, I wouldn't want to give it a hard and fast but after last night it appears that there has been some consensus among TPP nations," Ms Ardern said.

    The consensus appears to be around the core agreement but there are still question marks over some aspects, including four areas that have been suspended.

    At Friday night's meeting, a new name was decided, in part help bring Canada back on board.

    It's now called the Comprehensive and Progressive Trans-Pacific Partnership or CPTPP, Mr Parker said.

    "It is a more comprehensive and progressive agreement than has ever been agreed in major nation multi-lateral agreements before, so it was important to some, including Canada, that it be referenced in the renaming of that because there's some misunderstanding of that out in the public," he said.

    While there is legal agreement around much of the new CPTPP, four aspects are expected to be renegotiated.

    Japan and Vietnam are expected to make statements later on Saturday, which Mr Parker said would outline those areas.

    It's understood to include cultural requirements that are an issue for Canada, labour standards causing problems for Vietnam and issues around market access affecting Malaysia.

    "Although progress has been made clarifying some of those issues, there is still some work to be done to bring them to a finality," Mr Parker said.

    Ms Ardern said those statements would also give leaders more clarity around the path forward.

    This is the third version of the deal after the original TPP, which included the US, and the second TPP-11 deal.

    Canadian Prime Minister Justin Trudeau was forced to face leaders at the gala dinner on Friday night, including Ms Ardern, but she said the pair didn't discuss the deal.

    They're expected to have a formal bilateral meeting at ASEAN and East Asia Summit in the Philippines early next week.

    At this stage there's no meeting of all 11 leaders planned for Saturday. They're all attending the APEC Leaders Retreat in the afternoon.

    © 2018 NZN, NZCity


     Other Politics News
     21 Feb: Government turns to National to pass TPP
     21 Feb: CPTPP will add up to $4b to economy: MFAT
     21 Feb: Pressure mounts on Catholic-run family planning clinics in Papua New Guinea
     21 Feb: Emails from Australian accused of spying James Ricketson show no evidence of Cambodian plot
     20 Feb: Hunt continues in Ahipara firearm incident
     20 Feb: US partygoer angers Chinese authorities by stealing a 2,000yo terracotta warrior's thumb
     20 Feb: Government set to release TPP text
     Top Stories

    RUGBY RUGBY
    Debreczeni excited by new-look Rebels More...


    BUSINESS BUSINESS
    Super Fund divests 'risky' carbon exposure More...



     Today's News

    Skiing:
    Garcia Knight nails big air to qualify 18:05

    Entertainment:
    Beyonce has claimed a wedding planner blocking her bid to trademark her daughter's name tried to sell her the rights for $10 million dollars 18:05

    Law and Order:
    Tense exchange over accused's violent past 17:45

    Entertainment:
    Kendall Jenner has opened up about her anxiety, admitting she is a "hypochondriac" 17:35

    Politics:
    Government turns to National to pass TPP 17:25

    Entertainment:
    Liam Gallagher believes he'd be in jail or dead if he hadn't made it as a singer 17:05

    Rugby:
    Debreczeni excited by new-look Rebels 16:55

    Entertainment:
    Selma Blair is still "recovering" from breastfeeding 16:35

    Business:
    Super Fund divests 'risky' carbon exposure 16:15

    Rugby League:
    Beattie to meet with clubs over reform 16:05


     News Search






    Power Search


    © 2018 New Zealand City Ltd