- Title: TPP countries keep trade deal alive without Trump's U.S.
- Date: 21st May 2017
- Summary: HANOI, VIETNAM (MAY 21, 2017) (REUTERS) **** WARNING CONTAINS FLASH PHOTOGRAPHY **** HALL OF THE NATIONAL CONVENTION CENTRE IN HANOI TPP (TRANS-PACIFIC PARTNERSHIP) MINISTERIAL MEETING SIGN VARIOUS OF OFFICIALS LEAVING MEETING (SOUNDBITE) (English) NEW ZEALAND TRADE MINISTER, TODD MCCLAY, SAYING: "Well look, we are respectful of the US's position, TPP of 11 still has value and it has importance and so we're focused on how we can move ahead with the, with the 11 countries, but you know the US is always showing leadership around trade and I still expect that they will and you know we want to come up with something to put before our leaders which is of such a high quality that many other countries in the world might look into joining at some stage." TPP MINISTERIAL MEETING SIGN (SOUNDBITE) (English) NEW ZEALAND TRADE MINISTER, TODD MCCLAY, SAYING: "Prime Minister English, the prime minister of New Zealand and Prime Minister Abe were together earlier this week in Japan, they published a joint prime ministerial statement of their commitment to TPP, and the quality of the agreement and finding a way for the 11 to go forward, so I'm grateful to Japan for the leadership they are showing and the other 10 countries have agreed on a statement that we will publish shortly, they too want to join Japan in leadership and finding a way forward." VIETNAMESE TRADE MINISTER TRAN TUAN ANH SITTING DOWN AT THE PRESS BRIEFING (SOUNDBITE) (Vietnamese) VIETNAMESE MINISTER OF INDUSTRY AND TRADE, TRAN TUAN ANH, SAYING: "TPP is a new generation trade agreement aiming for very high requirements toward its member countries, but at the same time it brings them opportunities for stable economic growth, as well as the growth of the region and the world economy." REPORTERS AT THE PRESS CONFERENCE (SOUNDBITE) (Vietnamese) VIETNAMESE MINISTER OF INDUSTRY AND TRADE, TRAN TUAN ANH, SAYING: "We have agreed to come out with a very important document, which is the TPP Ministerial Joint Statement. The document emphasized contents regarding the valuation and point of view on TPP from the 11 remaining members. We also agreed on the upcoming roadmaps a challenges leading toward the TPP summit that will be held in November alongside with the APEC summit in Vietnam." MINISTER TRAN TUAN ANH LEAVING THE ROOM
- Embargoed: 4th June 2017 08:23
- Keywords: Asia-Pacific Economic Cooperation keep the agreement alive Japan New Zealand Trans-Pacific Partnership
- Location: HANOI, VIETNAM
- City: HANOI, VIETNAM
- Country: Vietnam
- Topics: Government/Politics,International Trade
- Reuters ID: LVA0016HS6P1J
- Aspect Ratio: 16:9
- Story Text:Countries in the Trans-Pacific Partnership (TPP) agreed on Sunday (May 21) to look at ways to move the trade deal forward without the United States after President Donald Trump pulled out in favour of an "America First" policy.
The agreement keeps the initiative alive, but falls short of a wholehearted commitment to move ahead immediately.
It came on the sidelines of a meeting of Asia-Pacific Economic Cooperation (APEC) countries that has highlighted the turmoil in global trade negotiations since Trump ended the old order in the name of protecting American jobs.
Japan has been at the forefront of efforts to get the remaining 11 TPP countries to pursue the agreement, which members have also long seen as a way to contain an increasingly dominant China.
Officials from TPP countries will meet again in Japan in July and bring proposals in November, McClay said.
A statement from the group said their work would address "concern about protectionism" and maintaining open markets.
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