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Agreement at the Ministerial level on the TPP by 11 countries(Statement by METI Minister Seko)

November 11, 2017

  1. In Da Nang, Socialist Republic of Viet Nam on November 11, 2017(today), it was announced that the agreement at the Ministerial level on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was made. I am extremely pleased that participant countries have reached the agreement today as a consequence of Japan’s and the other ten countries’ vigorous and collective efforts to realize a comprehensive and high-quality agreement based on the Ministerial Statement at the TPP Ministerial Meeting in May 2017.
  2. The agreement shows our shared commitment to realizing free and fair trade rules at a high level in the Asia-Pacific region, create a new economic order suitable for the 21st century, and maintain and strengthen the free trade system against the global spread of protectionism.
  3. The TPP Agreement covers not only tariff reduction/elimination but also a broad range of areas such as investment, trade in services, intellectual property rights, state-owned enterprises and electronic commerce. The agreement will be a basis for Japanese companies to establish advanced value chains and to make striking contributions to Japan’s economic growth. We will continue to make a maximum effort to complete the necessary procedures for the signing and bringing into force of the CPTPP as soon as possible in order to meet the high expectations of Japanese industries for a prompt effectuation of this new agreement. At the same time, we will further promote the high level rules which are included in the TPP within the Asia-Pacific region. 

Division in Charge

Economic Partnership Division, Trade Policy Bureau

Last updated:2017-11-17
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