{"id":7644,"date":"2018-03-09T20:18:38","date_gmt":"2018-03-09T20:18:38","guid":{"rendered":"https:\/\/english.thesunrisetoday.com\/?p=7644"},"modified":"2018-03-09T20:19:35","modified_gmt":"2018-03-09T20:19:35","slug":"11-countries-sign-historic-free-trade-deal","status":"publish","type":"post","link":"https:\/\/english.thesunrisetoday.com\/index.php\/11-countries-sign-historic-free-trade-deal\/","title":{"rendered":"11 countries sign historic free trade deal"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-7645\" src=\"https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2018\/03\/Economy.jpg\" alt=\"Economy\" width=\"308\" height=\"164\" srcset=\"https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2018\/03\/Economy.jpg 308w, https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2018\/03\/Economy-300x160.jpg 300w\" sizes=\"(max-width: 308px) 100vw, 308px\" \/>The 11-country Trans-Pacific Partnership was officially signed Thursday in Chile, representing $10 trillion of the global economy.<br \/>\nNow known as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), the sweeping free trade deal was put in jeopardy after U.S. President Donald Trump pulled his country out of the pact three days after his inauguration in January 2017. But the remaining countries regrouped and that culminated in the signing Thursday.<br \/>\nWhite House officials had voiced support for a second look and possibly rejoining the group, but a senior Canadian official said if that proves to be the case, there would be no special treatment for the U.S.<br \/>\n\u201cThe United States will not receive any fast-track access to this agreement,\u201d the unnamed Canadian official said Thursday in a teleconference call from Chile, providing technical background on the deal.<br \/>\nThe pact includes 22 provisions that were excluded from the original deal, and that includes the membership of the U.S. and some of its demands, such as protection of pharmaceuticals.<br \/>\nAll 11 countries would have to agree before the U.S. could join the partnership.<br \/>\n\u201cThat gives us some leverage around the table in terms of negotiating the potential terms of the United States coming back,\u201d the Canadian official said.<br \/>\nThe CPTPP will reduce trade tariffs for member countries that together account for more than 13 percent of the global economy and covers 500 million people.<br \/>\nCanadian International Trade Minister Francois-Philippe Champagne signed on behalf of Canada and Friday he will head to Paraguay to kindle free trade talks with the Mercosur group. The South American trade bloc includes Paraguay, Argentina, Brazil and Uruguay.<br \/>\nThe CPTPP and talks with Mercosur are part of the Canadian strategy to diversify as its traditional and largest trading partner, the U.S., is shrouded in uncertainty because of the potential for an increase in steel and aluminum tariffs. Trump has promised an announcement of the tariffs later Thursday.<br \/>\nAs well, Trump has threatened to kill the North American Free Trade Agreement renegotiations that are underway with Canada and Mexico.<br \/>\nCPTPP members include Australia, Brunei, Canada, Chile, Darussalam, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.<\/p>\n<div id=\"fb-root\"><\/div>\r\n<script>(function(d, s, id) {\r\n  var js, fjs = d.getElementsByTagName(s)[0];\r\n  if (d.getElementById(id)) return;\r\n  js = d.createElement(s); js.id = id;\r\n  js.src = \"\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1\";\r\n  fjs.parentNode.insertBefore(js, fjs);\r\n}(document, \"script\", \"facebook-jssdk\"));<\/script>\r\n <fb:comments href=\"https:\/\/english.thesunrisetoday.com\/index.php\/11-countries-sign-historic-free-trade-deal\/\" font=\"arial\" num_posts=\"\" width=\"\" height=\"\" colorscheme=\"light\"  style=\"background:#FFFFFF;padding-top:0px;\r\npadding-right:0px;\r\npadding-bottom:0px;\r\npadding-left:0px;\r\nmargin-top:0px;\r\nmargin-right:0px;\r\nmargin-bottom:0px;\r\nmargin-left:0px;\r\n\"><\/fb:comments>","protected":false},"excerpt":{"rendered":"<p>The 11-country Trans-Pacific Partnership was officially signed Thursday in Chile, representing $10 trillion of the global economy. Now known as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), the sweeping free trade deal was put in jeopardy after U.S. President Donald Trump pulled his country out of the pact three days after his &hellip;<\/p>\n","protected":false},"author":1,"featured_media":7645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/7644"}],"collection":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=7644"}],"version-history":[{"count":1,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/7644\/revisions"}],"predecessor-version":[{"id":7646,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/7644\/revisions\/7646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media\/7645"}],"wp:attachment":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=7644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=7644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=7644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}