Sumary of Asia Digital Deal Raises Hope for U.S. to Rejoin TPP Successor:
- Article content (Bloomberg) — The U.S.’s plans for a digital trade agreement covering Indo-Pacific economies may be a step toward Washington rejoining a regional trade deal that President Donald Trump exited in 2017, Australian Trade Minister Dan Tehan said.
- Asked if the digital deal would be a precursor to the U.S. joining CPTPP, he said “there are a lot of countries in the region that would hope that that would be the case, but our view is let’s take one step at a time.
- ” The digital pact would represent an early effort by the Biden administration to present an economic plan for the region after Trump’s decision to withdraw from negotiations for the trade deal in 2017. The 11 countries in the CPTPP say it remains open to all applicants.