Japan became the second country to ratify the revised Trans-Pacific Partnership (TPP) trade deal yesterday, the same day the United States imposed the first round of prohibitive tariffs on some Chinese goods in a move many fear will lead to a drawn-out trade war.
The 11-nation revised deal - known as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership, or the TPP-11, following President Donald Trump's decision to pull the US out of the original deal shortly after he assumed office - will go into effect 60 days after it is ratified by six member countries.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
