Mexico says TPP might still be implemented without U.S

4/18/2017 Reuters

Flickr/OECD Development Centre

The sweeping trade deal for the Pacific region known as the TPP might still be implemented by making adjustments to its text even though the United States has withdrawn, Mexico’s Economy Minister Ildefonso Guajardo said on Tuesday.

The Trans-Pacific Partnership, which had been promoted by former U.S. President Barack Obama and Japan as a way to counter China’s influence in a fast-growing region, was written in a way to prevent implementation without the United States.

But if Japan leads the way, that clause could be stripped out without “any problem,” and Mexico and other members could evaluate the pros and cons of pushing forward with the TPP without the United States, Guajardo said at an event.

“A TPP 11 instead of 12,” he said in reference to the remaining signatories to the deal since U.S. President Donald Trump withdrew the United States after taking office in January. “But we’d have to see if nations such as Vietnam would put the same things on the table without the United States,” he added.

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