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by Paulina Abramovich Agence France-Presse SANTIAGO, Chile – Eleven nations signed a slimmed-down version of the Trans-Pacific Partnership (TPP) trade agreement Thursday, moving to lower tariffs just as US President Donald Trump seeks to raise them after withdrawing from the deal. The TPP, which would have represented 40 percent of the global economy and nearly one-quarter of its trade, was left for dead after Trump pulled out to pursue his “America First” agenda. But the revamped deal, now […]
By Martin Abbugao and Jerome Taylor Agence France Presse DANANG, Vietnam (AFP) — Ministers from 11 Asia-Pacific countries agreed Saturday to press ahead with a major trade deal without the United States, as the world’s largest economy seeks to go it alone under President Donald Trump’s “America First” policy. Trump pulled his country from the Trans Pacific Partnership (TPP) at the start of the year, dismaying allies and casting into doubt an agreement heralded […]
DA NANG, Vietnam (AFP) — Asia-Pacific nations struggled to salvage the sprawling “TPP-11” trade deal Friday, following America’s pull out from the original pact, with Canada refuting reports an agreement in principle had been struck. The Trans Pacific Partnership (TPP) was initially a US-led initiative between 12 nations accounting for 40 percent of global GDP, but excluding Washington’s regional rival China. It was thrown into disarray when President Donald Trump abruptly pulled out of the […]
OTTAWA, Canada (AFP) — After Donald Trump formally withdrew the United States from the Trans-Pacific Partnership on Tuesday, Canadian Prime Minister Justin Trudeau said his Pacific trade focus will turn to Japan and China. “We have long been proponents of trade,” Trudeau told a press conference. “That’s why we are busy on multiple trade fronts at the same time.” He noted last year’s start of talks with Japan on improving trade ties, while next […]
by Andrew BEATTY Agence France-Presse WASHINGTON, United States (AFP) – President Donald Trump moved Monday to pull the United States out of the Trans-Pacific Partnership, making good on a pledge to scrap a deal he denounced as a “job killer” and a “rape” of US interests. Embarking on his first full week in office, the 45th US president began rolling out his policy agenda after a tumultuous first weekend for his administration by signing a […]
Sydney, Australia (AFP) — Japan and Australia will work together to ensure the Trans-Pacific Partnership free trade deal comes into force, Prime Minister Shinzo Abe said Saturday, making no mention of strong US opposition. After talks with Australian Prime Minister Malcolm Turnbull, Abe took the lead on the trade pact covering 12 Pacific Rim nations that was ratified by Japan’s parliament last month. “We agreed that we should demonstrate anew to the world the importance of free […]
by Sam Reeves Agence France Presse LIMA, Peru (AFP) — A summit of top world leaders was urged Friday to fight rising protectionism after Donald Trump’s election victory stoked fears that free trade is under threat, and the global economy along with it. Trump, who triumphed in last week’s US presidential vote, successfully tapped the anger of working-class voters who feel left behind by years of globalization, vowing to protect American jobs against cheap […]
LIMA, Peru (AFP) – by Joshua Howat Berger Top world leaders meet from Thursday to try to save their cherished free trade accords from feared extinction under US President-elect Donald Trump. Here are three big factors looming over the Asia-Pacific Economic Cooperation (APEC) summit from Thursday to Sunday in Lima, Peru. Trump effect Trump has cast uncertainty on the postwar world order with his vows to tear up or renegotiate international free trade agreements in […]
MANILA, Feb. 15 — Malacañang said President Benigno S. Aquino III is expected to tackle political and security concerns, particularly the West Philippine Sea (WPS) issue, in the United States-Association of the Southeast Asian Nations (ASEAN) Summit in Sunnylands, California this week. President Aquino is set to leave on Monday to attend the two-day special summit between the leaders of the ASEAN and the US to be hosted by President Barack Obama. ”Expected to be […]
By Caesar Vallejos Eagle News online correspondent (Eagle News) — Because of its economic readiness, the Philippines is poised to benefit from the impact of participating in larger international trade agreements including the ASEAN Economic Community (AEC), Regional Comprehensive Economic Partnership (RCEP), Trans-Pacific Partnership (TPP) and the Free Trade Area of the Asia-Pacific (FTAAP), experts told a recent forum in Makati. “Rather than fear the tsunami of ASEAN products that will flood the market, […]
Author: Razeen Sally, NUS (Courtesy East Asia Forum) Sept. 10, 1014 — Big-block trade agreements or ‘mega-regionals’, revolving around one or more major powers, are the latest trend in trade policy negotiations. ASEAN is involved in two: the American-led Trans-Pacific Partnership (TPP) and the Chinese-led Regional Comprehensive Economic Partnership (RCEP). But are mega-regionals good for trade and economic growth? Will they spur regional and global economic integration? And where does ASEAN stand?As of 2013, there were […]
