Australia, Japan pledge to sign CPTPP by March
Updated : Friday, January 19, 2018 8:56 AM (GMT+0700)

Theprime ministers of Australia and Japan committed to having the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed byMarch.

Australian Prime Minister Malcolm Turnbull (R) and his Japanese counterpart Shinzo Abe
- Photo: EPA

The commitment was madeduring talks between Australian Prime Minister Malcolm Turnbull and hisJapanese counterpart Shinzo Abe in Tokyo on January 18.

The trade pact replaces theTrans-Pacific Partnership (TPP) agreement after President Donald Trump withdrewthe US from the TPP in January 2017.

In his speech following thetalks, Turnbull said: "Our strong preference is for all 11 countries tojoin the first wave but our focus is on bringing a new TPP agreement into forceas soon as possible with those who are ready to move”.

"We are consciouslysetting it up to enable and encourage the United States to dock in should itchoose to do so in the future", he added.

Eleven countries met at theAPEC Economic Leaders’ Week in Da Nang city of Vietnam in November 2017 to keepalive the deal after the US withdrew. 

Negotiators will meet inTokyo next week in the hope of smoothing out obstacles to the CPTPP.


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