Japan and NZ aim for TPP progress

Trade Minister Todd MaClay has visited Japan with Prime Minister Bill English, and both countries have announced a willingness to progress the Trans-Pacific Partnership agreement despite the withdrawal of the United States.

Newshub: English’s Japan trip breathes new life into TPP

Prime Minister Bill English has been meeting with his counterpart Shinzo Abe. He says he’s looking forward to working with Japan to move the TPP forward, without the United States.

“Acknowledging the leadership of Prime Minister Abe, I’m taking it forward. Like Japan, New Zealand has ratified the agreement, and we look forward to working together to progress the TPP.”

The 11 countries left negotiating the agreement after the United States pulled out will meet in Hanoi, Vietnam, this weekend.

New Zealand and Japan remain the only countries to have ratified the TPP.

It’s likely the text that was signed last year will be revised, now the US has left, before it’s agreed to by all member countries.

Japan Times: Japan and New Zealand agree to aim for progress on TPP by November

Japan and New Zealand confirmed they will aim to reach an agreement with other signatories to move the Trans-Pacific Partnership forward by November despite the withdrawal of the United States.

“What is important now is whether the (remaining) members can share a view about the future direction of the TPP … and we hope to make efforts to reach an agreement” by November when a summit of the Asia-Pacific Economic Cooperation forum will be held in Vietnam, economic and fiscal policy minister Nobuteru Ishihara told reporters after talks Monday with New Zealand trade minister Todd McClay in Tokyo.

Japan and New Zealand are among the 11 remaining Pacific Rim countries pursuing the TPP free trade pact without U.S. involvement, but some countries, including Vietnam and Malaysia, which hope to boost exports to the United States, are believed to be reluctant to put the agreement into force without the world’s biggest economy.

“It is extremely important that the 11 countries unite and be clear about the future of the TPP” despite the “differences in the ideas and motives of the member countries,” said Ishihara, Japan’s point man on TPP negotiations.

The two ministers met as representatives of the 11 states will try to narrow their differences at a TPP ministerial meeting, set to take place Sunday in Hanoi alongside an APEC trade ministers’ meeting that starts Saturday.

“The TPP meeting in Hanoi will be an important meeting as we look to discuss the direction of the TPP,” Ishihara said, adding that Japan and New Zealand will seek to “lead the discussions.”

New Zealand formally ratified the TPP deal Thursday, becoming the second signatory country to do so after Japan, which completed domestic ratification procedures in December.

So a revamped TPP could still go ahead without the US.