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Japan's Economy Minister Toshimitsu Motegi, right, and Vietnam's Industry and Trade Minister Tran Tuan Anh shake hands at a press conference announcing an agreement in principle for the Trans-Pacific Partnership trade deal in Danang, Vietnam on Nov. 11.   © Reuters
Economy

TPP nations reignite multilateral trade hopes as Trump looks on

11-nation agreement could have knock-on effects on future trade deals

SHOTARO TANI, Nikkei staff writer | China

DANANG, Vietnam -- Japan's Economy Minister Toshimitsu Motegi echoed the firm intention among the Trans-Pacific Partnership nations to reignite the flame of multilateral trade at a press conference on Nov. 11.

"During the four months of [TPP 11] negotiations, we saw many times the member states clashing over details," he said, after ministers from the 11 participating countries finally reached an agreement in principle on a renegotiated version of the trade pact. "[But] we all shared the determination of establishing a free and fair, 21st century-rule in Asia-Pacific, the center of global growth, and that is why we have been able to reach an agreement."

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