Japan becomes second country after Mexico to ratify TPP-11 deal

Japan will host working-level talks at the resort town of Hakone, from July 17 to 19, 2018.
Japan will host working-level talks at the resort town of Hakone, from July 17 to 19, 2018. PHOTO: REUTERS

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.

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A version of this article appeared in the print edition of The Straits Times on July 07, 2018, with the headline 'Japan becomes second country after Mexico to ratify TPP-11 deal'. Print Edition | Subscribe