Canada, 10 other countries will move forward on a new TPP after US withdrawal
Canada and 10 other countries agreed this weekend to re-evaluate the Trans-Pacific Partnership, the controversial trade deal that has been assumed dead since the U.S. pulled out in January.
However a Canadian group opposed to the TPP says the deal should not be revived.
Trade officials said the deal would change significantly without American involvement, although leaders from the 11 remaining countries are still figuring out what a revised trade plan would look like.
In its current form, the partnership requires U.S. participation before it can go into effect. But a revised TPP wouldn’t be as simple as taking the U.S. out of the existing deal: each of the 11 remaining countries will have to re-evaluate its own trade needs absent of American involvement.