Santiago | Reuters — Countries that signed up for the failed trade pact known as the Trans-Pacific Partnership (TPP) will meet in Chile next week, seeking a way forward on a possible future regional deal, Chile’s head of international trade told Reuters. Representatives from the 12 countries that formed the TPP, plus China and South […] Read more
Tag Archives trans-pacific partnership — page 4
Paths seen open to post-TPP Pacific trade pact
Struggling U.S. farm sector faces new threat as TPP dies
Chicago | Reuters — U.S. President Donald Trump’s decision to back out of the Trans-Pacific Partnership (TPP) trade deal, a US$62 billion market for U.S. farmers, provides a fresh threat to a slumping agricultural economy that has grown increasingly dependent on exports. Agricultural groups expressed disappointment over the move and urged the new administration to […] Read more
Canada says TPP trade deal dead without U.S.
Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more
Australia, New Zealand pledge to salvage TPP
Reuters — Australia hopes to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations into the agreement in the wake of U.S. President Donald Trump’s decision to pull his country out of the pact, its trade minister said on Tuesday. New Zealand’s trade minister said ministers from the remaining TPP countries would […] Read more
Trump pledges U.S. withdrawal from TPP on ‘day one’
U.S. President-elect Donald Trump has pledged to start the United States’ exit from the 12-nation Trans-Pacific Partnership (TPP) trade deal on “day one” of his administration in January. In a video released Monday, Trump said his transition team had been directed to put together “a list of executive actions we can take on day one” […] Read more
TPP study sees net ‘neutral’ effect on dairy sector
An economic impact study on Canada’s participation in a Trans-Pacific Partnership (TPP) trade deal finds losses in Canada’s dairy sector would be “offset” by gains for dairy processors from cheaper dairy imports. The study, prepared for the federal government by its Office of the Chief Economist and released Friday, notes Canada has offered expanded access […] Read more
Chile plans to send TPP deal to Congress this year
Santiago | Reuters — The Chilean government is expecting to send the Pacific trade deal known as the Trans-Pacific Partnership (TPP) to its Congress for approval by the end of 2016, President Michelle Bachelet said Thursday. The 12-nation TPP aims to liberalize commerce in 40 per cent of the world’s economy, but its future is […] Read more
Peru lifts trade barriers to U.S. beef
Washington, D.C. | Reuters — Peru has agreed to lift its remaining safety barriers to U.S. beef exports, further opening one of the fastest-growing markets in Latin America to U.S. ranchers, Obama administration officials said Monday. U.S. Trade Representative Michael Froman and Agriculture Secretary Tom Vilsack said the agreement with Lima will remove certification requirements […] Read more
Agropur eyes further U.S. acquisitions
Reuters — Canada’s second-biggest dairy, Agropur Co-operative, said it is looking to grow in the U.S., possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals. Agropur, whose brands include Iogo yogurt and Oka cheese, and larger rival Saputo have already built U.S. […] Read more
Canada signs Trans-Pacific Partnership
Trade ministers from the 12 countries in the Trans-Pacific Partnership have signed their trade agreement, committing them to take the deal to their home governments for review and/or approval. The deal, which Trade Minister Chrystia Freeland signed on Canada’s behalf on Thursday in Auckland, New Zealand, is expected to see tariffs on Canadian products in […] Read more
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