SNAPSHOTS

Vietnam: TPP Talks Break Down After Canada Appears to Balk

Nov 10, 2017 | 21:14 GMT

(Stratfor)

Trade negotiations between the remaining eleven countries trying to cobble together the Trans-Pacific Partnership (TPP) hit a major snag this week. The remaining members of what is now being called the TPP-11 have managed to preserve the trade pact since the United States, which initiated the deal, pulled out in January. On Nov. 9, the Japanese minister in charge of TPP announced that all sides had reached an agreement in principle and would sign the trade deal on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum in Vietnam. Just one day later, Canadian Prime Minister Justin Trudeau skipped the TPP-11 leaders meeting, and New Zealand Prime Minister Jacinda Ardern said that the TPP members had indefinitely postponed the talks. It is unclear whether Canada is responsible for the delay, but circumstances suggest that is the case....

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