20:26 GMT +320 November 2017
Live
    The Canadian flag flies at half-mast at the Consulate General of Canada in New York October 23, 2014

    TPP Cannot Enter Into Force Without US - Canada’s Foreign Ministry

    © AFP 2017/ Timothy A. Clary
    Business
    Get short URL
    246374

    The Trans-Pacific Partnership (TPP) free trade agreement will not enter into force without the United States, Global Affairs Canada spokesperson Natasha Nystrom told Sputnik on Monday.

    WASHINGTON (Sputnik) — Earlier on Monday,  US President Donald Trump signed an executive order initiating the withdrawal from the 12-nation free trade agreement. TTP was a key policy of former US President Barack Obama's second term.

    "The agreement cannot enter into force without the United States," Nystrom said.

    During his presidential campaign, Trump often criticized the TPP agreement and called it a "terrible deal," which is harmful for US workers.

    The TPP free trade deal, covering 40 percent of the global economy, was signed last February by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States.

    Trump is expected to renegotiate the North American Free Trade Agreement (NAFTA) as well.

    Related:

    Mexico to Start Bilateral TPP Talks Immediately After US Withdrawal - President
    Trump Signs Executive Order on US Withdrawal From TPP Trade Deal
    China Voices Readiness to Lead World in Free Trade After US' Pullout From TPP
    Australian Government Puzzled by US Pullout From TPP Trade Deal, Mulls 'Plan B'
    Will TPP End Up Dead Without the US?
    Tags:
    Trans-Pacific Partnership (TPP), Donald Trump, Canada, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment