Republican senators urge Trump to enter TPP trade talks

Final version of revised TPP deal released, provisions pushed by US on ice

MIA Chief Executive, Tim Ritchie, said 'This new agreement addresses concerns many New Zealanders had with the Trans-Pacific Partnership, and is a deal that is good for trade and good for New Zealand.

The new deal does not make changes in the area of market access agreed on by the original 12 members and minimized the number of rule-related items that are frozen, he noted.

More than two dozen Senate Republicans are urging President TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out "subversion" at VA MORE to re-engage in Trans-Pacific Partnership (TPP) negotiations.

Together they account for about 13.5 percent of the global economy. "They have suspended numerous controversial ones, particularly around pharmaceuticals", said Kimberlee Weatherall, professor of law at the University of Sydney.

The success of the deal has been touted by officials in Japan and other member countries as an antidote to counter growing United States protectionism, and with the hope that Washington would eventually sign back up.

Iowa Senator Chuck Grassley says that's based on comments Trump made last week at a World forum.

Those cuts are bigger than those predicted for New Zealand's free trade deal with China, Trade Minister David Parker told reporters.

However, Parker said yesterday that the prospect of the U.S. joining in the next couple of years was "very unlikely" and that even if Washington expressed a willingness to join CPTPP, there was no guarantee that the members would lift all the suspensions.

Parker said the government could give itself "4.5 out of 5" for its efforts to improve the deal in New Zealand's sovereign interests, even though it had not succeeded in stripping ISDS from the agreement altogether.

Champagne said now that the full text of the 11-nation trade pact has been released, it will be signed March 8 in Chile.

The government analysis also concluded that the agreement would generate long-term economic gains for Canada totalling $4.2 billion, up from the $3.4 billion that was expected under the old TPP.

The first attempt to agree to a deal last November stalled amid opposition from Canada, which was seeking protection of its cultural industries.

Delays in releasing the text to the public have been blamed on translation disputes between members.

There's also a better deal for exporters of Australian cheese and beef to Japan and new quotas for rice and wheat.

The 11 countries involved areNew Zealand, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, and Viet Nam.

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