March 19, 2018

Ardern pushes for TPP talks

10 November 2017, 12:30 | Winifred Adams

President Tran Dai Quang receives Canadian Prime Minister Justin Trudeau. Font Size

President Tran Dai Quang receives Canadian Prime Minister Justin Trudeau. Font Size

The TPP was believed dead when U.S. President Donald Trump killed American participation on his first day in office in January.

He said the issue was a serious one for New Zealand, though he was happy with the way he thought it had been resolved. He said that he was "very happy" and an announcement would be made on Friday. "We're not there yet - there's still a bit of work to do but we've been making steady progress", he said.

That optimism contrasts with Canada, whose trade minister Francois-Philippe Champagne said in an interview Wednesday that speed shouldn't take priority over getting a good agreement.

Former Quebec premier Jean Charest, who is honorary chair of the ASEAN-Canada Business Council, said Vietnam not only shows real economic potential, it also has strong people-to-people links with Canada. Similar concerns in Europe nearly scuttled the Canada-EU trade deal, which recently took provisional effect.

Vietnam is Canada's biggest trade partner in Southeast Asia.

Canada, whose economy is second-largest among the 11 countries behind Japan, had already indicated they would not be rushed on the agreement. The TPP would improve market access and support the rule of law - and the world was "dangerously short of both", he said.

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Unnamed country pulls out of TPP after 'agreement in principal' reached
Canada , whose economy is the second biggest among the TPP-11 after Japan, said yesterday it would not be rushed into a revived TPP deal .

Japanese Finance Minister Taro Aso told reporters in Tokyo on Friday that there were still details being hammered out, citing Mexico and Vietnam as two holdouts. An official said they were expected to meet again in the evening ahead of talks between TPP leaders on Friday.

He said if there was a misunderstanding between ministers and officials, it was not on New Zealand's part. A pull-aside is one of the lowest forms of gatherings in diplomacy that's sometimes used by countries like China and the send a signal that all's not well in a relationship. Then-Defense Secretary Ash Carter called it more strategically important than having another aircraft carrier battle group in the Pacific.

The pact would have covered 40% of the global economy, going beyond traditional deals by including issues like intellectual property, state-owned enterprises and labor rights. "The vehicle, the instrument to get there - that's what the leaders will have to discuss", Trade Minister Francois-Philippe Champagne said in an October 30 interview.

This marked an important milestone in the bilateral ties, serving as a driving force to promptly step up their friendship and extensive and productive cooperation at a time when the two countries have increasingly been sharing interests bilaterally, regionally and globally, they said.

"We've got to go hard on those Asian relationships", said Barton, who led McKinsey operations in Asia and South Korea for almost a decade.

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