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Japan's Abe reaffirms conviction that TPP benefits Asia

Staff Writer | May 18, 2017
Japanese Prime Minister Shinzo Abe's conviction that a Trans-Pacific Partnership (TPP) pact will help bring prosperity to the Asia-Pacific region is unaltered.
Japan TPP
Asia   "I do not think TPP is losing momentum"
After U.S. President Donald Trump pulled out of the 12-nation pact, Japan has been exploring options to revive the pact without the United States, hoping it can eventually convince Trump to reconsider.

Negotiators from the remaining 11 members have sought ways to resuscitate talks and deepen economic ties without a United States that appears increasingly suspicious of multilateral deals.

Abe urged global policymakers not to view trade as a "zero-sum" game, but instead seek to remove barriers that hamper innovation from crossing borders.

"I don't think TPP is losing momentum," Abe said at a seminar hosted in the Japanese capital.

"Japan wants to exert leadership so that we can steer the debate toward a clear direction at a ministerial meeting in Hanoi."

However, Abe said he did not rule out the chance of signing a bilateral free trade agreement (FTA) with the United States, an option Washington favors.

"It's among the various options available for Japan," he added. "But we need to discuss more what's best for Japan."