Sunday, 19 November, 2017

Canadian government won't be rushed into signing TPP, Trudeau insists

Prime Minister Justin Trudeau feeds fish after touring the Ho Chi Minh stilt house in Vietnam Wednesday Prime Minister Justin Trudeau feeds fish after touring the Ho Chi Minh stilt house in Vietnam Wednesday
Marlene Weaver | 10 November, 2017, 12:31

Trade ministers from the TPP countries met on Thursday on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in Danang, Vietnam.

Mr Ciobo said an agreement had been reached between all 11 trade ministers on Thursday night. He is seeking to renegotiate several major trade agreements to, he says, put "America First".

This marked an important milestone in the bilateral ties, serving as a driving force to promptly step up their friendship and extensive and productive cooperation at a time when the two countries have increasingly been sharing interests bilaterally, regionally and globally, they said.

"We believe that progressive, solid trade deals can help citizens of all sorts in different countries at different levels of development and our (government) ministers are very much focused on that", Trudeau said.

According to Mexico's Secretary of Foreign Affairs Luis Videgaray, the talks are aimed at amending the existing agreement after US President Donald Trump pulled out from the free trade agreement in January.

PM Phuc spoke highly of the enormous contributions to the two countries' diplomatic ties made by late Prime Minister Pierre Trudeau, Justin Trudeau's father, affirming that Vietnam treasures and wants to further its relations with Canada.

"I can assure people that we will not be rushed into signing a deal at all costs". Trudeau will attend the APEC meetings and there has been speculation that some kind of deal could be reached by the end of the summit.

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Vietnam is Canada's biggest trade partner in Southeast Asia.

President Donald Trump pulled the USA out of the TPP earlier this year.

Peru meanwhile is more focused on talks toward a trade-and-investment agreement between a smaller group of countries than trying to save the TPP without the US, a Peruvian official said, speaking on condition of anonymity.

In the agreement he thought was reached, Parker said New Zealand got "some of what we wanted, but not all of what we wanted" in relation to the dispute clauses.

It's understood Canada, the second largest economy in the TPP since the United States withdrew, had been in bilateral talks with Japan on role difference before Trudeau's no show at the meeting. "Despite reports, there is no agreement in principle on TPP", Champagne said on Twitter. This is a global age, and Asia is the center of growth.

"Culture is more than just an economic good", he said.

Ministerial talks on a communique for the APEC leaders were extended into a second day on Thursday in the face of USA demands for changes to the language used concerning issues such as free trade and protectionism, officials at the talks said.

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