19:13 GMT +322 May 2018
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    A protester holds a placard during a rally against the Trans-Pacific Partnership (TPP) in Tokyo

    TPP Deal Deadlock May Shift Japan's Focus to Trade Pact With China

    © AP Photo / Shizuo Kambayashi
    Asia & Pacific
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    If TPP agreement is not reached, Japan could shift its attention to a regional trade agreement with China, Japanese Prime Minister Shinzo Abe said Tuesday.

    MOSCOW (Sputnik) — Japan could shift its attention to a regional trade agreement with China in case the impasse over the Trans-Pacific Partnership (TPP) deal is not resolved, Japanese Prime Minister Shinzo Abe said Tuesday.

    "There's no doubt that there would be a pivot to the Regional Comprehensive Economic Partnership [RCEP] if the TPP doesn't go forward," Abe was quoted as saying by Kyodo News.

    On November 8, Republican Donald Trump won the US presidential election with 290 electoral votes, while his Democratic opponent Hillary Clinton received 228. The inauguration of the US president-elect is to take place on January 20.

    Trump stands opposed to the deal, unlike the administration of outgoing US President Barack Obama, which reportedly has suspended its efforts to reach a deal with the Congress to ratify the TPP.

    The TPP agreement seeks to deregulate trade among 12 signatory nations that comprise 40 percent of the world economy. They include the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

    The RCEP free-trade agreement between Australia, Brunei, Myanmar, Cambodia, China, India, Indonesia, Japan, Laos, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam has been under negotiations since 2012. RCEP is viewed as an alternative to the TTP agreement, that excludes China and India.

    Related:

    Abe, Trump Meeting Not to Affect Japan's Support for TPP
    Obama Administration Abandons Efforts to Reach Deal With US Congress on TPP
    Trump to Take 'Tough Line' on US-China Trade Relations, Likely to Kill TPP
    Kerry Warns of the Eclipse of US Power in Asia Without TPP
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    agreement, TPP, Shinzo Abe, China, Japan
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