Pacific ministers commit to move ahead with pact without US
May 24, 2017, 05:30
New Zealand's Trade Minister Todd McClay is mobbed by reporters at the end of the meeting of TPP11, gathering all Tran-Pacific Pact (TPP) member countries except for the US, held on the side-lines of the Asia-Pacific Economic Cooperation meeting in Hanoi, Vietnam, 21 May 2017.
"The Pacific Rim trade ministers meeting in Vietnam have committed to move ahead with the Trans Pacific Partnership trade pact after the United States pulled out".
New Zealand's top trade official said his country wouldn't gain much from major changes to a Pacific trade pact, highlighting obstacles to finalizing the deal without the United States after Malaysia called for more negotiations.
In a pushback against the Trump administration's protectionist rhetoric, 11 nations in the Trans-Pacific Partnership trade deal have agreed on Sunday to proceed without the U.S.
As the 12 minus one trade ministers met in Hanoi, Vietnam, Japan, Australia, and New Zealand stepped up to fill the vacuum of USA leadership in multilateral trade.
President Donald Trump withdrew the United States from the TPP days after taking office in January, fulfilling one of campaign promises.
Explaining US opposition to using the word protectionism, Lighthizer said the term was being confused with the steps that really needed to lead to free trade.
That trade deal covers only Asian countries, not the United States.
On the sidelines of Apec, the 11 remaining countries of the TPP agreed to explore how they could move ahead without Washington - partly in the hope that the White House would reconsider leaving. "We will need to ensure that our interests remain protected and the benefits derived from it still outweigh the costs", Malaysian Trade Minister Mustapa Mohamed said.
The greatest challenge is keeping on board Vietnam and Malaysia, which joined largely to benefit from better access to the USA market.
The TPP grouping includes Japan, Australia, New Zealand, Brunei, Malaysia, Singapore, Vietnam, Canada, Mexico, Chile and Peru.
In Malaysia, more opportunities for SMEs to enter the global e-commerce market are expected to be created through the investment by AliBaba in Malaysia's Digital Free Trade Zone, he said.
Trade officials said the deal would change significantly without American involvement, although leaders from the 11 remaining countries are still figuring out what a revised trade plan would look like.
Japan, for one, had expended a lot of political capital on reforms needed to be a part of the deal and other countries also hadn't wanted to walk away from years of work negotiating the pact. It is also unlikely that other TPP governments would agree to stronger medicine monopolies and investor rights to sue governments without access to the USA market. It is using the TPP as a bargaining chip to position itself for a bilateral negotiation with the USA, in which it fears the U.S. will demand even more favourable terms than it achieved under the TPP.
Temperatures should rise Saturday, with highs expected in the upper 50s and night lows in the upper 30s. Arapahoe Basin, the only ski area still open in Colorado, was reveling in a foot or more of fresh snow.
State police in Schuylkill County say they found a 22-month-old child locked in a homemade "cage" made of plywood on Wednesday. George says she's angry Kutz left their kids alone while she was hospitalized after suffering complications during childbirth.
He has 517 career tackles, 13 interceptions, 91 passes defensed, six forced fumbles, five fumble recoveries and one sack. McCourty (5-foot-11, 195 pounds) also cited receiver Kenny Britt as playing "a major role" in him joining Cleveland.
The studio's next project, Spider-Man: Homecoming, will be released as a joint project between Marvel Studios and Sony. Sony has set a release date for October 5th, 2018 and has slated production to kick off before the end of the year.
Reema Lagoo passed away at 3.15 am on Thursday after suffering a heart attack at Mumbai's Kokilaben Dhirubhai Ambani Hospital. Lagoo was recently felicitated with the V Shantaram Award of the state government for her contribution in the film industry.
He missed New England's first four games of the regular season when he served his suspension for Deflategate. That can not be healthy for you, right? "And I said, 'Too bad, babe, I'm having too much fun right now'".
But a senior North Korean diplomat has said Pyongyang is open to talks with Washington under the right conditions . Trump and Moon have both also warned that a major conflict with the North is possible.
Thursday night , there is an 80 percent chance of showers and thunderstorms, mainly after 1 a.m., with a low around 50. The front promises good doses of rain (a quarter to a half-inch) and chances for thunderstorms and hail.
Patent plaintiffs see way around US Supreme Court ruling
Court of Appeals for the Federal Circuit that allowed patent infringement cases to be filed away from the defendant's home state. The court's newest member, Justice Neil Gorsuch, did not participate in the consideration of the case or the court's decision.
Celine Dion Celebs Flock to Kiss the Ring
I knew when she saw it and she tried it on, it was just [gasp], and when you have that [gasp], you know it's the right one. Dion was first spotted center stage surrounded by gorgeous beads hanging from the ceiling as she sang her heart out.
American King Arthur fights to big screen
Ritchie is back this year with King Arthur: Legends of The Sword; a re-imagining of the King Arthur legend from Warner Bros. Needless to say, we are absolutely thrilled at the prospect of a musical done in that high energy, frenetic Ritchie style.
Palestinians injured during rallies for prisoners
The committee denied Israeli reports regarding negotiations between the leadership of the strike and the Israel Prison Service. Medics and protesters evacuate a wounded youth during clashes on the Israeli border eastern Gaza City, Friday, May 19, 2017.
What time is Twin Peaks on TV in the UK?
Variety's Sonia Saraiya called Twin Peaks: The Return "weird and creepy and slow" but conceded it was "interesting". We have all the information you need to know right here so you don't miss a second of the action.
Buy the data we stole or else, warn hackers
The Shadow Brokers are threatening to make public more of the exploits and tools that they have access to, thanks to the NSA hack. It adds, " Each month peoples can be paying membership fee, then getting members only data dump each month ".
Macron Spent His First Full Day As President In Germany
The French president underlined that he would focus on implementing economic and social reforms in France in the coming months. He won his campaign as an independent, with the backing of a fledgling political party he founded less than a year ago.
Chinese SU-30 aircraft intercept US radiation-sniffing plane
However, experts say Beijing is unwilling to push the Pyongyang regime too far, and does not want to see the regime fall. In May 2016, two Chinese fighters carried out a similar intercept of a USA military aircraft over the South China Sea.
Aishwarya Rai Is Killling It At The Cannes Film Festival
The goddess of beauty is all set to live her #LifeAtCannes! Cannes Film Festival started on May 17 and will conclude on May 28. Abhishek Bachchan, the doting family man that he is, accompanied them to the airport to see off the mother-daughter duo.
You can now pin chats to the top
Now, you will not need to scroll down numerous chats to get to your favourite one. Basically, you can pin a post to the top of the page, for everyone to see.
Nearly arrested? Mike Brown was just trying to get to Game 2
This time, it came when the MVP candidate landed on Pachulia's foot, a play Gregg Popovich himself called out on Monday. Popovich said if Leonard remained in the game and San Antonio lost, he would go to practice the next day and "move on".
North Korea: New long-range missile can carry heavy nuke
A series of pictures published by the hermit state's media showed Jong-Un gazing at the missile in a hangar before the launch. North Korea has carried out two atomic tests and dozens of missile launches since the beginning of previous year .