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TPP countries push ahead with negotiations in Australia

Senior officials from the remaining 11 countries involved in the TPP are meeting in Australia to discuss measures to bring the agreement into effect as soon as possible.
TPP countries push ahead with negotiations in Australia ảnh 1

Commercial and Trade Ministers from Trans-Pacific Partnership member countries pose for a group photo at the signing ceremony in Auckland, New Zealand in 2016 (Source: AFP/VNA)

Sydney (VNA) – Senior officials from theremaining 11 countries involved in the Trans-Pacific Partnership (TPP) aremeeting in Australia from August 28-30 to discuss measures to bring theagreement into effect as soon as possible.
                                                                            
In an statement released on August 28,Australian Trade Minister Steven Ciobo said he has been engaging regularly withhis TPP ministerial counterparts and realised that all 11 nations have a desireto reach a deal.
[11 TPP states seeks new framework to implement pact]

Bringing the TPP into force would link 11countries, including four of the world’s top 20 economies, with combined grossdomestic product (GDP) of about 9.8 trillion USD.

It would result in 19 new free trade agreementscoming into force.

The Australian Government is committed topromoting trade and creating more export opportunities for Australianbusinesses through agreements such as the TPP, Ciobo said.

TPP countries are scheduled to discuss the earlyenforcement of the TPP at the APEC Economic Leaders’ Meeting to be held inVietnam in November.

The TPP was signed in February 2016 byAustralia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,Singapore, the United States and Vietnam.

However, US President Donald Trump announced thewithdrawal of the world's biggest economy from the TPP soon after taking officein January 2017.-VNA
VNA
#Trans-Pacific Partnership #TPP #bring the agreement into effect #GDP #free trade agreements #APEC Economic Leaders’ Meeting #Australia #Brunei #Canada #Chile #Japan #Malaysia #Mexico #New Zealand #Peru #Singapore #the United States #Vietnam Australia
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