08:10 GMT17 February 2020
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    Chile sees benefits to its membership in a controversial US-led trade pact as a step to raise the standard of living in the country and expand existing trade deals, Chilean President Michelle Bachelet said Monday.

    MANILA (Sputnik) – Chile is one of 12 Pacific Rim countries that have recently drafted the Trans-Pacific Partnership (TPP). Australia, Canada, Japan, Mexico and New Zealand are among TPP signatories, negotiating the trade deal in unusual secrecy since 2008.

    "It is a sort of alliance, the trade agreement which is in the right direction," Bachelet said at the Asia-Pacific Economic Cooperation (APEC) CEO Summit when asked why Chile joined the TPP.

    The Chilean leader suggested that the deal makes possible higher standards of wealth, allowing Santiago to "be part of countries that have higher standards and give opportunities."

    "Thirdly, it allows us to improve the trade agreements that we already have," Bachelet added.

    The Chilean president is in the Philippine capital of Manila to take part in the 21-nation APEC Business Week. The three-day APEC CEO Summit kicked off on Monday under a banner of "Creating the Future: Better, Stronger Together."

    Opponents point out that the TPP has been negotiated in extremely high secrecy and will have negative implications for human rights, national sovereignty, employment and the environment. The deal’s supporters claim it will spur global economic growth, shareholder profit, and create jobs.


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    Trans-Pacific Partnership (TPP), Michelle Bachelet, Chile
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