November 11, 2017 1:52 PM

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TPP members agree on new framework to revive proposed trade deal

Members of the Trans-Pacific Partnership (TPP) have agreed on a new framework to revive the proposed trade deal, following the US withdrawal earlier this year. <br/><br/>At a meeting on the sidelines of the APEC summit in Vietnam, the remaining eleven nations in a joint statement today said they had agreed on the core elements of a deal. Vietnam's Trade Minister, Tran Tuan Anh, said the agreement, which still needs to be finalised, would now be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). <br/><br/>The countries working towards an agreement are Canada, Australia, Chile, New Zealand, Brunei, Singapore, Japan, Malaysia, Mexico, Peru and Vietnam. U.S. President Donald Trump ditched the TPP this year in favour of an America First policy he believes would save U.S. jobs.<br/><br/>

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