Washington Would not Object to TPP Going Ahead Without US

U.S. Commerce Secretary Wilbur Ross indicated on May 9 that Washington would not object to an 11-party Trans-Pacific Partnership (TPP) deal without the United States.

“If that happens, I don’t think we have any inherent objection to it,” Ross said in an address in Washington on May 9. The United States has already declared its departure from the free trade accord.

Ross said that the U.S. would be pursing individual agreements with the countries involved in the TPP, stating that bilateral negotiations would be faster and better. He thus underscored the advantages of engaging in negotiations individually, even if they were based on the content of the TPP agreement.

via Mainichi

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza