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    Mexico to Persist With TPP Talks Regardless of Washington’s Decision

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    Mexico is set on continuing negotiations on the Trans-Pacific Partnership (TPP) agreement regardless of the stance of the new US administration, Mexico’s Economy Minister Ildefonso Guajardo said.

    MOSCOW (Sputnik) – Guajardo stressed in a Friday interview with Radio Formula that the countries involved in the TPP will continue with the treaty, "regardless of what Washington decides." According to the minister, Australia, Japan, Malaysia, New Zealand and Singapore have already agreed to cooperate further on the TPP issue.

    US President Barack Obama is likely to discuss the TPP issue with his partners over the weekend at the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru. The trade deal is at risk after Donald Trump's surprising victory in the US presidential elections. Trump vowed to scrap the TPP several times during his campaign calling it a "terrible deal."

    Earlier this month, Barack Obama's administration suspended efforts to win congressional approval for TPP before Trump takes office, saying that the pact's fate was up to Trump and Republican lawmakers.

    Republican leaders in Congress have said in the week since the US presidential election on November 8 that they won't be scheduling a vote on the TPP this year. A vote is unlikely once lawmakers reconvene in early 2017, due to the opposition of Trump, who takes office as president on January 20.

    The TPP seeks to remove barriers to trade among its 12 signatories, which together account for 40 percent of the world's economy: the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

    Related:

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    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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    Trans-Pacific Partnership (TPP), United States, Mexico
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