THE 11 remaining members of a Pacific
trade pact abandoned by the US have agreed on a revised agreement, with
the nations to work toward signing the deal by early March, according to the Singapore
Government.
A communique from Singapore's trade
ministry said outstanding issues had been resolved, suspended provisions had
been listed and legal verification of the agreement had been completed.
This concluded negotiations on what
has been renamed the Comprehensive and Progressive Agreement for
Trans-Pacific Partnership (CPTPP), reported Bloomberg News.
The deal was reached after two days
of talks in Tokyo, and came just hours after the US imposed tariffs on imported
solar panels and washing machines.
The whole agreement looked like it
might collapse after contentious negotiations in November, when Canada's
participation was thrown into doubt.
Japan's Economy Minister Toshimitsu Motegi said Canada has agreed to work toward approving the
deal, and he believed they would follow through on that.
Source : HKSG.
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