Japan ready to host CPTPP chief negotiators' meeting
Updated : Saturday, April 07, 2018 10:05 AM (GMT+0700)

Japanis willing to host a meeting of chief negotiators of the newly-signedComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)in June or July, said a senior Japanese official in charge of the pact.

 
A port in Tokyo - Source: VNA

Minister in charge of theCPTPP Toshimitsu Motegi said the meeting will confirm the progress in eachmember country's ratification in order to bring the pact into force whilediscussing responses to other nations and regions interested in joining theframework.

Japan and the 10 othermember countries aim to put the pact into force by the end of this year.

The 11 CPTPP economies witha combined population of about 500 million make up about 13 percent of theglobal GDP. The agreement will enter into force 60 days after it is fully ratifiedby six of the 11 members.

Minister Motegi said hebelieves brining the pact into effect is a top priority of the 11 members,while emphasising the possibility of additional partners joining the agreement.

The 11 members of the CPTPP,officially inked in Chile on March 8, 2018, are Australia, Brunei, Canada,Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Some other countries such asthe Republic of Korea and Thailand have reportedly shown interest in joiningthe pact.

Source:VNA

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