DANANG, VIETNAM: Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival. Taking the agreement forward is a boost for the principle of multilateral trade pacts after U.S. President Donald Trump ditched the TPP early this year in favor of an “America First” policy he believes would save U.S. jobs. Talks - often heated - have been held on…
WASHINGTON: President Donald Trump on Monday signed three orders on withdrawing the US from the Trans-Pacific Partnership trade deal, freezing the hiring of federal workers and hitting foreign NGOs that help with abortion. "We've been talking about this for a long time," Trump said as he signed the executive order to withdraw from the TPP in the Oval Office. "Great thing for the American worker what we just did." The agreement, seen as a counter to China's rising economic influence, was promoted by Washington and aimed to…
GENEVA: India has dealt a potentially fatal blow to the World Trade Organization's hopes of modernizing the rules of global commerce and remaining the central forum for multilateral trade deals.