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The US may restore membership in the Trans-Pacific Partnership

The US may restore membership in the Trans-Pacific Partnership

Donald Trump instructed his assistants to consider the possibility of US returning to the Trans-Pacific Partnership, if the new terms of cooperation would be more beneficial for the United States. This was reported by Lindsay Walters, the White House representative.

She recalled that the US President kept his promise to withdraw the United States from the TPP, as the agreement terms were unprofitable for the American workers and farmers. However, later, he repeatedly stated that the US is open to a "substantially better partnership." To this end, Trump instructed his advisors Cadlou and Lighthizer to consider ways of concluding a more profitable deal.

The Agreement on the Trans-Pacific Partnership was concluded in February 2016 between 12 countries of the Asia-Pacific region: Canada, Mexico, New Zealand, Singapore, Chile, Japan, Australia, Vietnam, Brunei, Peru, Chile and the United States. However, Donald Trump has brought the United States out of the TTP immediately after he assumed the presidency. In January, the agreement on the TPP was renegotiated by 11 countries without the US participation.