Search form

Last updated: 7 sec ago

You are here

Business & Economy

Update

Trudeau announces Pacific trade deal without US

nternational diplomats attend a meeting to push for sanctions and criminal charges against the perpetrators of chemical attacks in Syria, at the Foreign Affairs ministry in Paris on January 23, 2018. (AFP)
Canadian Prime Minister Justin Trudeau says Canada and 10 other countries of the Trans-Pacific Partnership have agreed to a revised trade agreement.
The deal comes exactly one year after US President Donald Trump withdrew his country from the agreement.
The agreement follows two days of high-level talks in Tokyo and was confirmed by Canadian International Trade Minister Francois-Philippe Champagne. The partners are now expected to work toward signing the agreement by early March.
Trudeau told a crowd at the World Economic Forum in Davos, Switzerland, that the pact meets Canada's objectives of creating and sustaining growth, prosperity and well-paying middle-class jobs today and for generations to come.
The agreement comes amid worries that Trump will pull the US out of the North American Free Trade deal. Seventy-five percent of Canada's trade goes to the US.

MORE FROM Business & Economy