Monday 23 January 2017
Donald Trump withdraws United States from Trans-Pacific Economic Cooperation Agreement
Donald Trump withdraws United States from Trans-Pacific Economic Cooperation Agreement
US President Donald Trump on Monday signed an order to remove that country from the Trans-Pacific Economic Cooperation Agreement (TPP), an ambitious and controversial treaty that seeks to shape the world's largest economic bloc .
The TPP was signed in February 2016 by 12 countries which, together, represent 40% of the world economy and almost one-third of the entire flow of international trade.
Among them are three Latin American countries: Chile, Mexico and Peru .
The TPP was one of the central themes in foreign trade of the government of former President Barack Obama, who invested some 7 years in his negotiation.
The departure of the United States was one of the promises of Trump during the presidential campaign.
More information coming soon.
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