• News
  • World

Text of revised Pacific trade deal released

Text of revised Pacific trade deal released

The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific's fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States.

The content of the letters and the countries with whom New Zealand is negotiating are secret until the signing ceremony for the updated TPP agreement in Chile, scheduled for March 8, assuming no further hiccups in the life of the troubled trade and investment agreement.

Those changes included the suspension of 22 items in the earlier agreement.

"We encourage you to work aggressively to secure reforms that would allow the United States to join the agreement", they wrote in a letter cited by the newspaper.

The 25 GOP lawmakers sent a letter to Trump on Friday saying they support his recent comments that he may consider US participation if the 11-nation Asia-Pacific pact is improved.

New Zealand estimates a Pacific trade deal would boost its economy by up to 1 percent as exporters would face reduced tariffs on goods like kiwifruit, wine and beef.

Up until then, Trump had said he only wanted to do unilateral deals between the United States and one other country. Canadian Prime Minister Justin Trudeau used his own speech in Davos to announce the other 11 nations had reached an agreement without the United States.

Oxfam worker 'paid for sex', others bullied witness: inquiry
According to Sky news, Oxfam's worldwide executive director Winnie Byanyima has also apologised, calling the scandal "shameful". Oxfam faces having its funding threatened and an investigation by the Charity Commission following the revelations.

Japan man wins custody of 13 kids born to surrogates
Four of the six children living in Cambodia and Japan were from Thai surrogates. Police said he paid them between US$9,300 and US$12,500 each.

Nokia 8 Receiving Android 8.1 Oreo
The version was being updated with the February Android security patch. "We are rolling out Android Oreo 8.1 on Nokia 8! ". This means the Nokia-branded handsets sold in the last three months of 2017 were more than manufacturers like, and.

Nations in the deal include Canada, Mexico, Japan, Australia and Malaysia.

"I would do TPP if we were able to make a substantially better deal", Trump told CNBC at the World Economic Forum in Davos, Switzerland. "They have suspended numerous controversial ones, particularly around pharmaceuticals", said Kimberlee Weatherall, professor of law at the University of Sydney.

The Ministry of Foreign Affairs and Trade has also released today the National Interest Analysis of the CPTPP, which assesses the likely costs and benefits for New Zealand of entering into the Agreement.

The liberal Labour Party, which now leads the government, had expressed doubts about the agreement when it was in opposition a year ago.

While the NIA is largely positive about the deal's impact, it does highlight a number of disadvantages, including the Investor State Dispute Settlement (ISDS) mechanism which the coalition partners all opposed in opposition.

In a statement, the group says: "An improved TPP would therefore bolster and sustain the economic growth America has experienced over the past year", growth they say was facilitated by regulatory reductions and tax cuts enacted by the Trump Administration.

Leave Your Comment

Leave Your Comment

Latest News

Breaking News


Amazon to offer perks to Prime members who shop at Whole Foods

All the cardholders get back 2% on restaurants, gas stations and drugstores while 1% for all other purchases, notes TechCrunch . The card also becomes the first Prime-branded card available to Whole Foods customers.

Watson's wait ends with third Riviera triumph

Watson won the Genesis Open for the third time with a two-shot victory, his final-round 2-under 69 capping a 12-under week. He had a driving accuracy of 57.1 percent, 42 pars, eight bogeys, 20 birdies and a 63.9 percent in greens in regulation.

On Twitter: Trump and his fiercest critic Romney friends again

He's a Brigham Young University graduate who went on to become the first Mormon presidential nominee of a major political party. As it turns out, Trump could have saved the $215 he spent on Romney's dinner. " Donald Trump is a phony , a fraud", Mr.

Google is testing a bottom nav bar in the Phone app

Today, we're seeing the end result of those efforts, as the new Google Pay app has officially launched on the Play Store . Google objective is that users have a consistent checkout experience using the cards saved in Google Account.

South Korea and U.S. to resume military exercises after Paralympics

It also unleashed its most powerful nuclear blast to date in September, in what it claimed was a test of a thermonuclear weapon. Both the South and North appear to be tip-toeing around these issues during the period of the Pyeongchang Olympics, he said.

Mauricio Pochettino says Tottenham must focus on winning 'big trophies'

File image of Tottenham Hotspur manager Mauricio Pochettino . "This is a different game, a different competition and it will be tough", he said.

Antonio Conte comments on his Chelsea future after WBA win

After a dry period for good football, the visitors finally woke up and started to attack. The home side's sheer dominance was so evident.

Time Warner's Profits Rise as Advertising Rates Stabilize

As per Friday, August 14, the company rating was maintained by Barclays Capital. (NYSE: TWX ) rating on Tuesday, April 26. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.69.

New Horizons probe captures images at record distance from Earth

So long as the mission goes according to plan, New Horizons could hold on to its lead for a long time. At present, the New Horizons probe is at a distance of 6.12 billion km (3.79 billion mi) from Earth.

Three Britons die in Grand Canyon helicopter crash

Federal Aviation Administration spokesman Allen Kenitzer said the Eurocopter EC130 aircraft sustained considerable damage. Authorities said the four survivors were level one trauma patients, meaning they had critical, life-threatening injuries.