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November 17, 2017
Negotiations on Trans-Pacific free trade agreement will continue
Senior officials from the countries negotiating the Trans-Pacific Partnership Agreement (TPP) met on the margins of the APEC leaders' meeting in Da Nang, Vietnam last week.
Ministers from remaining TPP countries also held productive discussions in Da Nang, eventually agreeing on the core elements of the agreement, which has been renamed the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
According to a joint Ministerial Statement published after the discussions, the Ministers were "pleased to announce that they have agreed on the core elements of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership."
"Ministers tasked officials with continuing their technical work, including continuing their efforts toward finalizing those items on which consensus has not yet been achieved, as well as legal verification of the English text and translation to prepare finalized text for signature."
Canada's Minister of International Trade, François-Philippe Champagne, commented: "We are pleased that progress is being made towards a possible agreement, but there is still some work to be done."
The eleven countries involved in the negotiations are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
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