Trans-Pacific Partnership Ministers’ Statement

1. At the Trans-Pacific Partnership (TPP) Ministerial Meeting held in Atlanta, United States, on October 5, an agreement in principle was reached on the TPP Agreement. Since the participation in the negotiations in July 2013, Japan has had many constructive discussions with the other participating countries in pursuit of the best path to suit our national interests, with a view to realizing a TPP Agreement that will establish new 21st century trade rules in a wide range of areas. I welcome this outcome.

2.

The TPP Agreement would not only further promote trade, and investment in the Asia-Pacific region, where there has been remarkable growth, but it would also further strengthen relations with the countries in this region through building a new economic order, and thus has substantial strategic significance for sharing prosperity.

I am convinced that it would also contribute to the peace and stability of Japan and the overall Asia-Pacific region.

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