TPP countries agree to explore options for trade deal without US

May 21, 2017
New Zealand’s Trade Minister Todd McClay attends a meeting of the “Alianza del Pacifico” (Pacific Alliance) in Vina del Mar, Chile March 14, 2017. Photo by Reuters

Remaining countries of the Trans-Pacific Partnership trade deal have agreed to explore options for continuing with it despite US President Donald Trump’s decision to ditch it, ministers from Mexico and New Zealand said on Sunday.

The so-called TPP-11 countries held their highest level talks on the deal since the US pullout on the sidelines of a meeting of Asia-Pacific Economic Cooperation (APEC) countries in Hanoi, Vietnam.

“We’re focused on how we can move ahead with the 11 countries,” New Zealand Trade Minister Todd McClay told reporters after the meeting. “The countries are going to put forward proposals on how to take TPP forward in November.”

Mexico’s economy minister Ildefonso Guajardo echoed his comments. –Reuters

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