Listen Live
    People hold signs against the Trans Pacific Partnership (TPP) on Day 3 of the Democratic National Convention at the Wells Fargo Center, July 27, 2016 in Philadelphia, Pennsylvania

    Trump Says Open to TPP Agreement if 'Substantially' Better Deal Struck

    © AFP 2019 / Mandel Ngan
    Asia & Pacific
    Get short URL
    112
    Subscribe

    WASHINGTON (Sputnik) - US President Donald Trump said in an interview on Thursday that he might be open to the Trans-Pacific Partnership (TPP) trade agreement if there were substantial improvements made to the deal.

    "I would do TPP if we were able to make a substantially better deal. The deal was terrible," Trump said in an interview with CNBC at the World Economic Forum in Davos.

    READ MORE: An 'Overlapping Noodle Bowl of Agreements' and TPP-II

    In November 2017, during the APEC summit in the Vietnamese resort of Danang, 11 TPP countries agreed to revive the free-trade deal which will be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and signed in March. However, it still needs to be finalized since the countries' ministers of trade announced a preliminary deal and there are some details to work out later.

    The TPP agreement, which aims to remove trade barriers among its signatories, 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 an executive order on the US withdrawal from the agreement as he believes the deal is against American national interests.

    Related:

    New TPP Pact May Be Signed in March Without US Participation - Reports
    Free Trade Negotiators to Adopt New TPP Version Within 90 Days
    An 'Overlapping Noodle Bowl of Agreements' and TPP-II
    TPP: Eleven Member-States Agree on Rebranded Pact Without US
    Trump Unlikely to Change Stance on TPP During APEC Summit - PwC
    Japanese PM Wants to Continue TPP Talks Despite US Withdrawal – Reports
    Pacific Rim Nations May Agree on TPP in November
    US to Uphold Decision on Withdrawal From TPP
    Tags:
    free trade, agreement, Trans-Pacific Partnership (TPP), Donald Trump, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik