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Free Trade Negotiators to Adopt New TPP Version Within 90 Days

© Fotolia / Yuge17TPP
TPP - Sputnik International
Chilean negotiator Eduardo Frei said that the new version of the Trans-Pacific Partnership deal is almost ready, revealing how long will it take to finalize the agreement.

MOSCOW (Sputnik) — A new version of the Trans-Pacific Partnership deal between the remaining 11 Asia-Pacific nations will be finalized within three months, Chilean negotiator Eduardo Frei told Sputnik on Thursday.

"The agreement is almost ready…We will sign up to the outstanding clauses within 90 days," Frei, a former president of Chile, said.

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 - Sputnik International
TPP: Eleven Member-States Agree on Rebranded Pact Without US
Pacific Rim countries minus the United States reviewed the free trade draft during last month’s Asia-Pacific Economic Cooperation forum in Vietnam’s Da Nang. Frei said 20 to 30 clauses were still to be affirmed. They will be raised at the upcoming meetings.

The TPP pact aims to remove trade barriers among its signatories. It was originally signed in 2015 by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. In January, US President Donald Trump signed executive order on the US withdrawal from the agreement.

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