Japan to Host TPP Pacific Rim Trade Pact Talks


By Elaine Kurtenbach, CTV News 2017-07-13

Members of a Pacific Rim trade initiative rejected by U.S. President Donald Trump are to hold working-level talks Wednesday in the Japanese mountain resort town of Hakone, west of Tokyo.

The three-day meeting among envoys from the 11 remaining members of the Trans-Pacific Partnership follows a breakthrough last week on a Japan-European Union trade deal seen as a repudiation of the U.S. moves to pull back from such arrangements.

Last week, Japan named a new chief negotiator for TPP talks, Kazuyoshi Umemoto, a former ambassador to Italy.

Trump pulled the U.S. out of the pact soon after taking office, saying his "America First" policy favours one-on-one agreements with other nations rather than multinational pacts like the TPP.

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