Pacific trade deal reached but leaders won't endorse it yet

Canada Wants Good Deal Over Fast Deal for Big Pacific Trade Pact

New Zealand trade envoy: TPP chances best if changes few

Trade and Export Growth Minister David Parker said that on Thursday night it had appeared all Canada's issues had been resolved to its satisfaction.

"Particularly when it comes to culture, when it comes to the auto sector, you'll bet that we'll take the time to consult with stakeholders to get the deal done", he told reporters. The talks were "very productive, ' but more discussion was needed, Mexican Economy Minister Ildefonso Guajardo was reported to have said on Thursday".

A report in Australia's Sydney Morning Herald said Trudeau "sabotaged" the talks at the last minute by failing to show up for the meeting.

Trudeau has said he's not going to rush into the deal unless it addresses the best interests of Canadians, despite pressure from some partners to move quickly on a revised TPP.

Trade ministers and delegates from the remaining members of the Trans Pacific Partnership (TPP) attend the TPP Ministerial Meeting during the APEC 2017 in Da Nang, Vietnam November 9, 2017.

Canada's position has been further complicated by the fact that it is simultaneously renegotiating the North American Free Trade Agreement (Nafta) with the Trump administration.

Later Friday, Trudeau also held a bilateral meeting with Myanmar leader Aung San Suu Kyi. They had also been informed about unease about the deal among a few of the other countries.

Australia will still walk away from the APEC summit with a free trade pact with Peru that will eliminate almost all tariffs exporters face into the Latin American country.

Kylie Jenner posted picture of tampons to 'keep fans guessing about pregnancy'
The youngest of the clan Kardashian would not live very well in her pregnancy. The source continued: " Kylie is just exhausted of being in hiding".

After the meeting, Trudeau and Abe were supposed to walk a short distance to a scheduled TPP leaders' meeting.

In a speech hours before at the summit, President Trump emphasized his hard line on multilateral trade deals, declaring that the USA would not be "taken advantage of anymore." the which has informed his threats to pull out of NAFTA.

But the signing never happened, much to the chagrin of many an Asian country.

Lawrence Herman, a Toronto-based global trade lawyer, said it was "puzzling" to see Canada's reluctance to pursue the TPP with its 10 remaining partners. The plan was to tell him where Canada was coming from. He said the flight of American manufacturing to China after it opened to foreign trade and investment hurt US workers.

With the withdrawal of the US, Japan is to take over its leadership role within the TPP, he said, adding that it remains to be seen whether Japan can convince other TPP members to allow Taiwan to be part of the agreement. The official disputes the notion it was a snub because the leaders would mingle at APEC events over the next 24 hours anyway. Mexican Economy Minister Ildefonso Guajardo said talks were "very productive".

Staying away from the meeting wasn't a negotiating strategy, but it did yield results, the official claimed. "I am quite sanguine that we will get a deal but of course it has got to go through the process of ratification", he said.

Following Canada's unexpected last-minute objection, another round of ministerial meetings was held late Friday to reconfirm "the agreement in principle" on the TPP among ministers from the 11 countries including Canada, Motegi said.

Latest News