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ECONOMY > Trade

TPP11 confirms early effectuation of mega trade deal

  • July 19, 2018
  • , Nikkei digital
  • JMH Summary

Nikkei reported online that the chief negotiators of the CPTPP wrapped up their two-day conference in Hakone on Thursday morning, noting that the participants from the 11 member states affirmed they will make additional efforts to put the regional free trade pact into effect expeditiously by accelerating domestic procedures. Singapore, New Zealand, and others will reportedly follow Mexico and Japan in ratifying the trade liberalization initiative. They also agreed to convene a ministerial conference after the envisaged effectuation early next year to discuss terms and conditions for allowing new members.

 

The daily separately took up press remarks earlier today by Chief Cabinet Secretary Suga, who welcomed the UK’s interest in joining the CPTPP by saying: “There is a shared wish among the existing members to expand the TPP’s high-standard, balanced, and 21st-century trade rules around the world.”

 

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