Canadian government won't be rushed into signing TPP, Trudeau insists

NA Chairwoman Nguyen Thi Kim Ngan receives Canadian Prime Minister Justin Trudeau. Font Size

NA Chairwoman Nguyen Thi Kim Ngan receives Canadian Prime Minister Justin Trudeau. Font Size

The 11 countries remaining in the Trans-Pacific Partnership were expected to endorse a basic agreement at the Asia Pacific Economic Cooperation summit in Vietnam on Friday. But chief negotiators were continuing to hash out the details late into the night in the Vietnamese beach resort of Da Nang with ministers from leading countries offering conflicting assessments of their progress, the Financial Times reports.

"We want to maintain the high standard and find a way to seal the deal between the 11 countries", Japanese Economy Minister Toshimitsu Motegi said last week. Champagne said Canadians expect any agreement to benefit the middle class and "give a chance to the small and medium-sized business to join the global trade".

"Vietnam and Japan would be the two biggies for Canada in terms of diversifying trade", said Ciuriak, who is now the director of Ciuriak Consulting Inc. "This is a very good deal", he said.

"The countries are going to be deal-minded, but (a review) is going to be more than a legal scrub", said Miller, president of the Rideau Potomac Strategy Group, which has advised different clients on trade issues, including Industry Canada.

The TPP was believed dead when U.S. President Donald Trump killed American participation on his first day in office in January.

The full list of TPP countries includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Trudeau then added, in French: "I can assure people that we will not be rushed into signing a deal at all costs".

Trump and other APEC leaders, including President Xi Jinping of China and Russian President Vladimir Putin, will meet on Friday in Danang.

Ardern has a one-on-one meeting scheduled with Canada's Prime Minister Justin Trudeau at the East Asia Summit in Manila, in the Philippines, starting on Sunday, and would take that option up.

Vietnam is Canada's biggest trade partner in Southeast Asia.

Peru meanwhile is more focused on talks toward a trade-and-investment agreement between a smaller group of countries than trying to save the TPP without the US, a Peruvian official said, speaking on condition of anonymity.

"There are clear benefits for our exporters in this agreement", she said.

He said that over the past two decades, Canada has always been among the top suppliers of official development assistance (ODA) to Vietnam, and asked the country to continue the supply of capital, especially for poverty reduction, climate change response, agriculture and sustainable growth, and support for Vietnam's access to preferential loans after 2017. The TPP would improve market access and support the rule of law - and the world was "dangerously short of both", he said.

"Culture is more than just an economic good", he said.

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