• Japan to set up Trans-Pacific Partnership headquarters


    TOKYO:  The Japanese government will create headquarters to address preparation and signing of the Trans-Pacific Partnership (TPP) trade deal, Japan’s Prime Minister Shinzo Abe said Tuesday.

    “I will head the headquarters on measures [related to]the Trans-Pacific Partnership, which will include all the members of the Cabinet of Ministers,” Abe said.

    “This is an ambitious task, which enables stable and fair competition,” the prime minister stressed, adding that the agreement would make Japan wealthier.

    On Monday, the United States and 11 other countries of the Pacific-Rim region reached an agreement on the wording and subject matter of the TPP deal. The deal, intended to cover about 40 percent of the global economy was reached following nine days of the final stage of negotiations.

    Besides Japan, the deal includes the United States, Canada, Australia, Chile, New Zealand, Mexico, South Korea, Brunei, Singapore, Malaysia and Vietnam. PNA/Sputnik


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