TPP members to pursue deal

US Commerce Secretary Wilbur Ross says that he will not oppose an Asia-Pacific free trade deal that may take effect without the participation of the US.Ross stressed on Tuesday that the US will seek bilateral deals to reduce its trade deficit.

US pulled out of the Trans-Pacific Partnership in January. The remaining 11 member countries, including Japan, are pursuing the possibility of getting the deal implemented without the US.

The Pacific-Rim countries will hold a ministerial meeting in Vietnam in late May to discuss the trade deal. A media correspondent says the US administration is eager to not only protect domestic manufacturers, but also to boost exports of US farm goods.

He also said that the administration may start pressuring trade partners to enter bilateral negotiations. NHK

By Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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