President Obama was open to international trade agreements because he feared the consequences of other countries excluding America. Now, in response to President Trump’s extreme isolationist nationalism, it seems that several countries are moving towards trade agreements that do not include America. One such trade agreement involves the Pacific region, which had formerly united behind Obama but are now spiting President Trump.
“Ministers are pleased to announce that they have agreed on the core elements of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),” read a statement at the APEC conference in Vietnam.
“This text also incorporates a list of four specific items for which substantial progress was made but consensus must be achieved prior to signing,” the statement continued.
Toshimitsu Motegi, a trade official from Japan, and Tran Tuan Anh, of Vietnam, answered questions about it. “As for the reason why Canada changed their attitude, I’m not certain, that’s something you’d have to ask Canada,” Motegi said about a holdup to the trade agreement that involved Canada.
“But I can state the fact that in the meeting the minister had raised his hand to show support for the agreement. Perhaps there are some domestic procedures in Canada and there was some mistake in communication,” he continued.
Canada, meanwhile, said of the trade agreement, that they would “not be rushed into an agreement that is not in the interest of Canada.”
Anh added that the agreement must be held to even higher standards absent American leadership. “That is why the quality of the agreement has been reaffirmed in two new words: comprehensive and progressive. We consider this an overarching goal of TPP,” he said.
“I don’t think we can discuss everything here, but we have fulfilled our mission to reach a consensus between the TPP ministers concerning the most fundamental portion of TPP, and for the remaining part, we have a roadmap, a direction for it,” Anh concluded.