Published: Sat, November 11, 2017
Global | By Shelia Dennis

'TPP 11' trade pact official agreement still up in the air

'TPP 11' trade pact official agreement still up in the air

It's unclear whether the talks on the Trans-Pacific Partnership agreement will continue after Canada said it still had issues that have not been resolved.

"Our ministers are very much engaged and working hard on this issue of TPP 11".

However, there is more work to be done before a final agreement in principle is ironed out as 11 Pacific nations seek to salvage a trade deal, which almost sank after President Donald Trump bailed the United States out of the original 12-nation accord, covering 40 per cent of the world's economy.

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"We got a better deal for Canada, we were also able to enhance the progressive elements - as the prime minister says you don't do trade in the 21st century like you did before", he said.

Speaking to Vietnam News Agency on Friday, Minister of Industry and Trade of Việt Nam Trần Tuấn Anh said the "TPP Ministerial Meeting in Da Nang has initially consented to preliminary principles and contents of the TPP".

It has been reported the no-show was a scheduling misunderstanding.

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Abe returned to the room saying Trudeau was not attending and so the meeting was abandoned by the other countries, Australia, New Zealand, Singapore, Brunei, Malaysia, Chile, Peru, Mexico and Vietnam.

Last night, Ardern told New Zealand reporters that talks had been "postponed" and there was no suggestion of when they would reconvene. Following the latest negotiation early this month in Japan, heads of negotiation groups said they looked forward to progress and outcome of the ongoing APEC Economic Leaders' Week, which ends on Saturday.

Trump and other Apec leaders, including President Xi Jinping of China and Russian President Vladimir Putin, will meet tomorrow in the Vietnamese seaside resort of Danang.

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