(VOVWORLD) - The 11 nations remaining in the Trans-Pacific Partnership (TPP) have moved closer to a new free trade deal after the United States’ withdrawal, Japan’s chief TPP negotiator Kazuyoshi Umemoto announced on Friday.
The Trans Pacific Partnership senior leaders meeting in Sydney, Australia, August 28, 2017. REUTERS/Jason Reed
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Umemoto said TPP negotiators made significant progress after a 2-day meeting in Tokyo. They will meet again in Japan next month and aim to reach a broad agreement in November at an Asia-Pacific Economic Cooperation summit in Vietnam. The TPP, which was signed last year, involves Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.