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White House considers re-joining Pacific trade pact

IANS  |  Washington 

The is considering re-entering the (TPP), a trade pact of which pulled the US out last year.

"It is good news that today the directed and Lighthizer to negotiate US entry into TPP," said Republican Senator in a statement after a meeting with on Thursday, reported.

The had no official announcement on this issue yet.

According tomedia reports, on Thursday told a group of lawmakers at the meeting which Sasse also attended that he has directed the US and to study the possibility of re-entering the TPP if the terms are favourable.

During the 2016 presidential campaign, Trump called TPP a "disaster". He pulled the US out of the Pacific trade deal in January last year, one of his first moves as

Earlier this year, the remaining 11 TPP nations, including and Canada, announced they struck an alternative agreement without the US.

Although the has withdrawn from the TPP, Trump has signalled his interest in reconsidering the trade deal.

In January this year at the in Davos, Switzerland, Trump told CNBC during an interview that "I would do TPP if we were able to make a substantially better deal."

Trump, in February, also suggested he was open to the trade pact during a news conference with Australian

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 07:46 IST
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