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Najib confident that TPP-11 can be salvaged

DANANG: Prime Minister Datuk Seri Najib Tun Razak has expressed his confidence that the remaining 11 countries in the Trans-Pacific Partnership (TPP) would be able to salvage the trade deal.
“I am reasonably confident, I am quite sanguine we will get a deal,” he said at the Asia Pacific Economic Cooperation (Apec) CEO summit held on the sidelines of the main Apec Summit here Friday.
Najib said the 11 leaders will meet this afternoon, adding that the countries led by Japan were trying to come up with a new version.
Confusion reigned in the media Friday on whether the so-called TPP-11 pact could be salvaged following contradictory statements by some of the trade ministers who attended a last minute meeting here last night (Thursday, Nov 9) on the fate of the free trade deal.
“I am a great believer in open trade for us to generate wealth and a ‘win-win’ for everybody.
“Now that the United States has withdrawn – and we respect that decision – the 11 countries led by Japan are trying to come up with new a version.
“There is a lot of progress. Our ministers and negotiators worked very hard – there was a meeting last night till 3am. The leaders are coming out with a statement when we meet this afternoon.”
Najib also expressed his concern over the rise of an “anti-globalisation” movement within Apec.
“I see a tremendous shift, from the last Apec to this Apec, I see the tone is different, I see the rise of anti-globalisation, the rise of more inward-looking views – all of which is ironically against the philosophy and raison d'etre of setting up Apec,” he said.
Apec, he added, must do a lot of soul-searching on its future.
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