Pacific Rim trade bloc in Tokyo, preps for growth


TOKYO: Representatives from a Pacific Rim trade bloc geared up to roll out and expand the market-opening initiative as they met in Tokyo, reaffirming their commitment to open and free trade and inviting new membership.

The Pacific Rim free trade agreement, rejected by President Donald Trump after he took office in 2017, took effect at the end of last year after Australia became the sixth nation to ratify it. So far, seven of the 11 member countries have done so, and the others are expected to follow through soon.

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