ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Singapore's central business district forms the backdrop for a PSA International port terminal.   © Reuters
Economy

11 nations agree in principle on TPP Pacific trade deal

Leaders look to officially rubber stamp deal on Friday

SHOTARO TANI, Nikkei staff writer | South Korea

DANANG, Vietnam -- After months of negotiations, the 11 remaining members of the Trans-Pacific Partnership have achieved an agreement on the trade pact in principle at the ministerial level, a decision that could shape the future of business in the Asia-Pacific region for years to come.

"The 11 nations were able to reach a ministerial agreement," Japanese Economy Minister Toshimitsu Motegi told reporters after talks ended late Thursday on the sidelines of the Asia-Pacific Economic Cooperation meeting. "We have been able to agree on a deal that has high standards and is balanced. Creating a new, free and fair [trade] rule in a region experiencing high growth like the Asia-Pacific is very significant."

Sponsored Content

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

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