(Update 2) 11 Countries Reach Broad Agreement on New TPP

   Da Nang, Vietnam, Nov. 9 (Jiji Press)--Japan, Australia and nine other signatories to the Trans-Pacific Partnership free trade pact on Thursday reached a broad agreement in talks on concluding a new TPP deal without the United States.
   The 11 countries agreed to suspend part of trade and investment rules included in the original 12-nation TPP accord, until the United States returns to the multilateral framework.
   They agreed to implement the original TPP's market access arrangements, including abolition or reduction of agricultural and industrial tariffs, in general.
   The 11 countries reached the broad agreement at a ministerial meeting that began in Da Nang, central Vietnam, on Wednesday.
   The new TPP is of a great significance in crafting new rules in the Asia-Pacific region that are free and fair, Japanese economic and fiscal policy minister Toshimitsu Motegi told a news conference.

(2017/11/10-02:58)