March 9, 2018 1:36 PM

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Trade ministers of 11 member countries of TPP sign FTA in Santiago

<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;">Trade ministers of the 11 member countries of the Trans-Pacific Partnership (TPP) have signed the free trade agreement in Chilean capital, Santiago, yesterday.&nbsp;</div>''<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;"><br />''</div>''<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;">Chilean President Michelle Bachelet said the member countries have completed the process, sending a strong message to the international community that opening markets, economic integration and international cooperation are the best tools to create economic opportunity and prosperity. The pact includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, representing together 13.5 percent of the global economy.&nbsp;</div>''<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;"><br />''</div>''<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;">The agreement will go into force 60 days after at least 6 countries complete their domestic procedures, such as gaining parliamentary approval. United States has pulled out from the TPP to pursue President Donald Trump's &quot;America First&quot; agenda.&nbsp;</div>''<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;"><br />''</div>''<div style="color: #222222; font-family: arial,sans-serif; font-size: 12.8px; font-style: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;">Signatories of the deal said the revamped deal, now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, is a significant achievement and a victory for openness. The deal was signed just before Trump slapped steep tariffs on imported steel and aluminum.</div>

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