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POST TIME: 14 September, 2018 00:00 00 AM
Japan, Vietnam urge US to rejoin Pacific trade deal
AFP

Japan, Vietnam urge US to rejoin Pacific trade deal

Japan and Vietnam yesterday urged the United States to rejoin a sprawling Pacific trade deal, almost two years after President Donald Trump’s withdrawal dealt a major blow to what would have been the world’s largest free trade pact, reports AFP from Hanoi.

Trump pulled out of the Trans-Pacific Partnership (TPP) deal in one of his first post-election moves as part of his “America First” clarion call, declaring the 12-nation trade pact a “job killer”.

The 11 remaining countries have pledged to move ahead with the deal, which could go into effect by the end of this year, although in a significantly watered-down version without the US. They have kept a door open for Washington’s return, and have also not ruled out allowing other non-Pacific countries to join the deal.

Japan’s foreign minister on Thursday encouraged the US to come back to the pact, speaking at a regional World Economic Forum (WEF) where concerns over trade protectionism have dominated discussions.