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

With TPP ratification in sight, Abe raises banner of free trade

Thailand, South Korea and Taiwan show interest in joining

Under Prime Minister Shinzo Abe, Japan is on track to become the second of the 11 TPP member countries to ratify the agreement, after Mexico.   © Reuters

TOKYO -- The reworked Trans-Pacific Partnership trade agreement moved a little closer to enactment after a nod from Japan's parliament Friday, a boost to multilateralism as a counterweight to the increasingly self-interested U.S. and China.

Japan's lower house approved a bill to ratify the Pacific Rim free trade deal, making it all but certain to pass before the current parliamentary session ends next month. Once the approval process is complete, Japan will become the second of the 11 TPP member countries to ratify the agreement, after Mexico.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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