January 24, 2018

Australia has agreed to sign a revived version of the controversial Trans-Pacific Partnership with 10 other countries, meaning the massive trade deal is likely to go ahead despite the United States' withdrawal. 

The 11 remaining countries are expected to sign a tweaked agreement on March 8 in Chile, Trade Minister Steve Ciobo has confirmed.

The TPP hit a major roadblock last year, when a newly elected US president Donald Trump pulled the US out of what he called a "horrible deal" for the "American worker". 

The agreement is designed to promote free trade between the Pacific nations involved by lowering tariffs and encouraging cheaper movement of labour.

Read more:

https://www.sbs.com.au/news/australia-joins-10-countries-to-revive-pacific-trade-pact-without-us