Only Mexico, Japan and Singapore have ratified TPP-11

TOKYO (EFE) –

Japan, Mexico and Singapore (who did so on Thursday) are the only eleven signatories to have completed the internal processes necessary for entry into force the Trans-Pacific Integral and Progressive Association Treaty (CP-TPP or TPP-11), and expect more countries to join.

The negotiators checked during a meeting the progress of the national ratification processes of each member and discussed the future expansion of the agreement, as the conclusion gathered by the Local news agency Kyodo.

Besides Japan, Mexico and Singapore, the remaining countries that signed on September 8 in Santiago de Chile are Australia, Brunei, Canada, Chile, Malaysia, New Zealand, Peru and Vietnam.

Japan was one of the main drivers of the Trans-Pacific Partnership and led the negotiations to the conclusion of the agreement after the abrupt withdrawal of the United States in January 2017 with the arrival at the United States. Canada. President Donald Trump's White House

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The Japanese government also welcomed the interest shown by the United Kingdom to accede to the agreement once that he leaves the European Union (EU), and offered to advise him.

"The 11 signatories of the TPP share the hope of spreading high-quality and balanced trade regulations in the 21st century with the spokesperson of the Japanese Foreign Ministry, Yoshihide Suga, said at the time. a press conference that [traduction]

Suga stated that his government "welcomes" London's interest in the trade pact, and expressed its willingness to "provide you with the necessary information." "

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The comments of the Japanese spokesman are published one day Liam Fox, British Minister of International Trade, announced that his country would subject to public consultation its possible accession to TPP-11, once he leaves the EU in 2019.

That same year, once entered For the first time times, the signatair The TPP-11 initials will begin talks with potential new members, as agreed by the 11-nation negotiators on Thursday after a two-day meeting in the Japanese city of Hakone, about 80 kilometers southwest of Tokyo [19659003] Read: The Pros and Cons of TPP11 for Mexico

The TPP-11 countries, which currently cover about 13% of the world economy, are seeking to create a free trade area wider in Asia-Pacific before the rise of protectionism.