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TPP nations to cooperate in maintaining supply chains

  • May 2, 2020
  • , Nikkei
  • JMH Summary

The Saturday edition of Nikkei wrote that the TPP member states are stepping up their cooperation in maintaining supply chains to resist the tide of protectionism by promoting trade and technical cooperation based on the TPP framework, as restrictions on agriculture and other exports are growing in response to the coronavirus pandemic. The paper wrote that Singapore and New Zealand have agreed to promote trade of pharmaceuticals and food, saying that the two nations have launched a new trade initiative to remove tariffs and other trade barriers on goods deemed essential to combat the pandemic, mainly medical supplies such as gloves, disinfectant, and medication along with dairy products, meat, and other food items. On Friday, five nations including Canada, Australia, and New Zealand agreed to set common guidelines for essential cross-border travel to minimize trouble with customs procedures. The paper wrote that the 11 TPP members, including Japan, are strengthening their cooperation through multiple international frameworks to counter the growing protectionist trend around the world, noting that Russia, the world’s largest exporter of wheat, has adopted a quota system for its export of grains and Cambodia has halted overseas shipments of rice and Thailand has banned the export of egg

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