ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

TPP members agree to go on minus US, but differ on terms

Countries may seek better deal now that American market opening is gone

Japan's chief TPP negotiator, Keiichi Katakami, pushed to preserve the pact's current terms in Toronto Tuesday and Wednesday.

TORONTO -- The 11 remaining Trans-Pacific Partnership members agreed over two-day talks here to resuscitate the trade pact without the U.S., but differences remained over the shape the new deal would take.

The gathered representatives agreed to "keep moving discussions forward so as not to lose momentum," said Keiichi Katakami, Japan's top negotiator for the TPP.

The partner nations intend to hammer out their next steps, including a concrete proposal to enact the 11-party framework, at ministerial talks in Vietnam later this month. Canada, which hosted this week's meeting, will arrange a joint statement to be delivered at those talks.

Representatives "did not differ" on the objective of realizing the high-level free trade rules laid out for the TPP in October 2015, said Katakami. Participants such as Vietnam and Malaysia, from whom some feared resistance, were on board with executing an 11-way pact.

But with the U.S. gone from the table, the language needs to be reworked to make the treaty a 11-member pact. Many members said it would be difficult to justify the pact to their countries without the benefit of opening the U.S. market. Tokyo, the senior partner in the TPP since the U.S. withdrew in January, hoped to preserve the pact's terms, but some countries showed a desire for change.

Challenges in enacting the pact "are piling up, and the reality is that it will be tough to solve them," said a Japanese government affiliate.

Japan hopes to reach a deal by November's Asia-Pacific Economic Cooperation summit. But depending on the domestic situations of the other 10 members, negotiations may become bogged down.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more