A year after U.S. exit, TPP deal reached with 11 nations

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Vietnam’s Trade Minister Tran Tuan Anh (L) shakes hands with Japan’s Economic Revitalization Minister Toshimitsu Motegi (R) at the end of a Trans Pacific Partnership (TPP) press conference on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in the central Vietnamese city of Danang on November 11, 2017.

TOKYO—Negotiators from 11 Pacific Rim nations agreed Tuesday on a Trans-Pacific Partnership trade deal, the Japanese minister in charge of TPP said, a year after President Donald Trump withdrew the U.S. from the talks.

The 11 nations were close to a deal at a summit in Vietnam in November but fell short at the last minute after Canada raised objections.

Negotiators gathered again in Tokyo Tuesday and cleared away the remaining sticking points, said Toshimitsu Motegi, the Japanese minister handling the talks. He said the 11 nations aim to sign the agreement on March 8 in Chile.

Among Canada’s issues was its desire for an exemption that it said was needed to protect Canadian cultural products from the effects of free trade. Motegi said the parties agreed to exchange a side letter with Canada over the issue after the pact goes into effect.

An expanded version of this story is available at WSJ.com

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