The decision to withdraw from the TPP final, said the United States trade representative

© RIA Novosti / Vladimir Astapkovich in fotobounce the Capitol in Washington. Archival photoThe decision to withdraw from the TPP final, said the United States trade representative© RIA Novosti / Vladimir Astapkovich the image Bank

The US decision to withdraw from TRANS-Pacific partnership (TPP) final, but the region remains one of the key trading partners for the country, so the US will focus on bilateral work with the countries in the TPP, said U.S. trade representative Robert Lighthizer at a press conference following the meeting of Ministers of APEC.

The TPP — a trade agreement signed in February 2016 between 12 countries in the Asia-Pacific region, which aims the reduction of tariff barriers, and the regulation of the internal rules in the participating countries in such areas as labor law, environment, intellectual property, and several others. US President, Donald trump declared the country’s withdrawal from that partnership immediately after his election. Currently, the partnership has not yet entered into force because not ratified by the parliaments of most member countries.

«The United States decided to withdraw from the TPP, and this decision cannot be changed. This does not mean that we are not involved in this region, we are involved in trading in the region and hope to continue to do so. The US has a huge export in the region and even greater import from this region. We are one of the largest participants in this market,» he said.

«We will continue to interact with many members of the TTP, who are present here today. Our President has made a decision that I really appreciate — that for US is preferable than multilateral, and bilateral negotiations, which I hope we will continue to pursue with members of the TTP,» said Leitheiser.

Earlier on Sunday at a meeting of APEC trade Ministers of Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore and Vietnam, included in the TTP, accepted the statement that it is necessary to continue work on a partnership, despite the US withdrawal, and that the TPP is open to new countries.

«These efforts will allow to solve our concerns about protectionism, maintain open markets, strengthening rules-based international trading system, expand world trade and raise living standards,» — said in a statement.
The decision to withdraw from the TPP final, said the United States trade representative© RIA Novosti, Integratiebeleid in fotomasterskie partnership: what it is and who is profitable