TPP-11 to sign trade pact in March

11 countries, barring the United States, are set to sign the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP) in Chile in March.

Japan’s Kyodo news agency stated, citing a Japanese source, that following the decision by the U.S. President Donald Trump to take the United States out of the TPP, eleven countries are set to forge a new Asia-Pacific trade agreement and will hold a signing ceremony in Chile in March.

Trade officials from eleven countries have assembled in Tokyo, Japan, to try to iron out burrs, including Canada’s insistence on protection of its cultural industries such as movies, TV and music.

Japan has worked hard to salvage the pact following the departure of the United States; the new agreement is now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP), or TPP-11.

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