TOKYO (Reuters) - New Zealand Trade Minister David Parker said on Monday the global community must stand up to defend a rules-based system on trade, adding that “none of us can beat globalization.”
“What’s happening in the world worries me. But the world is already developing alternatives like CPTPP,” Parker said in a seminar in Tokyo.
After the United States withdrew from the Trans-Pacific Partnership (TPP) agreement, the remaining 11 countries including Japan and New Zealand renegotiated parts of the TPP.
In March, they signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP-11.
Reporting by Leika Kihara; Editing by Chang-Ran Kim