Final version of Trans-Pacific trade deal released, rules pushed by U.S. on ice [View all]
Source: Reuters
FEBRUARY 20, 2018 / 11:00 PM / UPDATED AN HOUR AGO
Charlotte Greenfield, Colin Packham
WELLINGTON/SYDNEY (Reuters) - The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released on Wednesday, signaling the pact was a step closer to reality even without its star member the United States.
More than 20 provisions have been suspended or changed in the final text ahead of the deal’s official signing in March, including rules around intellectual property originally included at the behest of Washington.
The original 12-member deal was thrown into limbo early last year when U.S. President Donald Trump withdrew from the agreement to prioritize protecting U.S. jobs.
The 11 remaining nations, led by Japan, finalized a revised trade pact in January, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is expected to be signed in Chile on March 8.
Read more: https://www.reuters.com/article/us-trade-tpp/final-version-of-trans-pacific-trade-deal-released-rules-pushed-by-u-s-on-ice-idUSKCN1G50AP
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