Wed Jun 13, 2018, 09:25 AM

Japan enacts law to ratify Trans-Pacific trade deal

TOKYO (Kyodo) -- The Japanese Diet on Wednesday enacted a law to ratify the 11-nation Trans-Pacific Partnership free trade deal, moving a step closer to completing domestic procedures.

Following the U.S. withdrawal, Japan and 10 other nations aim to put the deal into force by the end of this year. The pact takes effect after at least six member countries ratify it.

Japan still has to enact a separate bill to implement domestic measures in connection with the agreement, such as support for livestock farmers who will be exposed to competition from foreign rivals.


The revised deal known as TPP 11 kept unchanged tariff-related agreements but suspended the application of 22 provisions, such as on intellectual property, that were included in the original pact at the request of the United States.

They stripped out the bullshit to create a strictly economic deal.

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