Abe wants to talk Trump out of quitting TPP

Dhaka,  Fri,  09 December 2016
Published : 28 Nov 2016, 19:34:24

Abe wants to talk Trump out of quitting TPP

Japan's Prime Minister Shinzo Abe said he will approve the Trans-Pacific Partnership (TPP) trade deal despite President-elect Trump's promise to pull the US out of the agreement.

“We do not have to be affected by the other countries and blindly follow them. Japan needs to go by its own ideas and creeds. We cannot waver now,” Abe said at the plenary session of Japan's Upper House of parliament, reports RT.

However, the Japanese parliamentary opposition sharply criticises the government’s approach, describing its policy on TPP as a “total failure.”

The deal had previously been approved by the Lower House of parliament, where the ruling coalition of the Liberal Democratic Party is in the majority as well as in the Upper House.

Last week, Donald Trump promised to withdraw the US from TPP that had been negotiated between twelve countries over seven years.

According to Trump, the TPP deal is “a potential disaster” for the US, as it hurts the country’s competitiveness and takes jobs away from Americans.

The deal was signed in February by the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

TPP aimed to strengthen ties between the partners, which cover about 40 per cent of the global economy, as well as to boost growth by reducing tariffs. Labour and environmental standards, copyrights and patents issues, as well as some other legal protections, were among the key measures accepted by the members.

Japan's Prime Minister earlier admitted TPP was meaningless without US participation. - IH

 
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2016. All rights reserved
Powered by : orangebdlogo
close