TPP trade pact in disarray as Canada holds up talks

November 10, 2017

Efforts to revive the Trans Pacific Partnership (TPP) trade deal foundered on Friday when Canadian Prime Minister Justin Trudeau failed to show up for a meeting to agree a path forward without the United States.

The lack of a deal on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit underscored the convulsions in global trade policy since U.S. President Donald Trump abandoned the TPP early this year in the name of an “America First” approach.

Speaking ahead of the APEC summit, Trump said he only wanted bilateral trade deals in Asia - and deals in which the United States was not at a disadvantage.

This was excerpted from the 10 November 2017 edition of Reuters Canada.

Topic(s)

Trade Agreements

International Trade and Border Management

Information source

Canadian News Channel

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