The Trans-Pacific Partnership (TPP), an Asian-Pacific trade pact, is expected to be signed in March this year.
The U.S. President Donald Trump withdrew the United States from the Trans-Pacific Partnership (TPP) last year as he promised in the election campaign during 2016 U.S. presidential election.
The current members of the Trans-Pacific Partnership (TPP) will meet in March this year to ink the deal which is expected to launch its journey without the U.S.
The future of the TPP came under tremendous threat after the U.S President Donald Trump withdrew from the agreement.
The member states, however, remained committed that they will go ahead with the agreement despite the U.S. President Trump’s withdrawal.
The Canadian Prime Minister Justin Trudeau expelled the last shadow with his announcement to strike the deal expected to be signed in Chile.
The member states of TPP including Canada, Japan, Australia, Brunei, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam will participate in the meeting to strike the deal in March.
Japan has been championing the TPP ever since the U.S left the platform. The largest business platform was highly boosted after the Canadian Prime Minister Justin Trudeau ensured his country would join.
Canada refused to sign the agreement earlier version “concerns about environmental and labor protections.”
The newly issued version of the agreement includes countries like Brunei, Mexico, Australia and Malaysia but China.
The trade analysts believe this move as a step to ‘counter’ the Chinese influence in the periphery. China has been emerging as a surging power in Asia.
The Economy Minister of Japan Toshimitsu Motegi said the agreement would be an ‘engine to overcome protectionism’ in the world.
The Japanese Minister said he expects his country would be able to explain Washington the importance of the deal and convince to join.