Countries in TPP Won’t Renegotiate Terms of the Deal


The countries that signed on to the Trans-Pacific Partnership trade deal decided this week that they will not renegotiate terms of the deal. The Japanese TPP Minister confirmed that the 12 countries will move ahead quickly with their individual domestic processes to implement the U.S.-led trade deal. The remarks came after a meeting held on Monday in Tokyo, Japan. The gathering was held because of growing suspicion that the deal won’t take effect in spite of being signed in February. The speculation comes from both U.S. major-party candidates for president criticizing the deal while out on the campaign trail. The Japanese Prime Minister is expected to try to achieve ratification in his country as early as September 26 during a special session of the government. The TPP deal would cover 12 countries and roughly 40 percent of the global economy.