The Japanese government is aiming to seek an early approval of an agreement on the Trans-Pacific Partnership (TPP) free trade initiative, the media reported on Sunday.
Japan, the US and 10 other countries reached a broad TPP agreement in October. Preparations are under way for cabinet ministers in charge of the TPP to sign the deal in early February, public broadcaster NHK reported.
A signing ceremony will be held either in the US or New Zealand. New Zealand is in charge of compiling the text of the accord.
After the signing, Japan will seek parliament's approval of the accord and also submit bills to provide support for farmers.
The 150-day ordinary parliament session begins on Monday.
The government estimates that the TPP accord would raise Japan's GDP by about 14 trillion yen ($115 billion).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app