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ECONOMY > Trade

TPP conference to be held in Chile

  • March 14, 2017
  • , Asahi, Mainichi, Yomiuri, Nikkei, Sankei
  • JMH Summary

Most papers reported that the TPP member states plan to hold a ministerial meeting in Chile on Wednesday, saying that the Chilean government invited China and South Korea to join the meeting for a possible expansion of the group. Asahi said Chile and Peru are anxious to court the two Asian powers in view of the U.S.’s withdrawal, quoting a senior Chilean diplomat as saying: “When exploring economic integration, it is only natural to hold negotiations with China and South Korea.”  

 

Yomiuri said although Australia and other members are looking to effectuate the TPP without U.S. participation, Japan is still hoping to persuade the Trump administration to rejoin the accord since Tokyo views the regional free trade deal as a tool for containing China in coordination with Washington. Mainichi wrote that some LDP officials are now insisting on effectuating the TPP without U.S. membership so as to prevent the Trump administration from demanding market opening in bilateral economic talks. The paper added that the focus of the Chile meeting will be on whether to hold accelerated discussions on effectuating the trade liberalization accord without the U.S.’s participation.

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