The Tuesday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Tuesday, Jan. 23
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CANADA AGREES TO REVISED TPP TREATY: Canada and the remaining members of the old Trans-Pacific Partnership agreed Tuesday to a revised trade agreement that will forge ahead without the United States. The deal comes exactly one year after U.S. President Donald Trump withdrew his country from the agreement, leaving Japan as the largest player in a new 11-nation pact. The agreement follows two days of high-level talks in Tokyo. The partners are now expected to work toward signing the agreement by early March. The Canadian government was pushing for more progress on negotiations surrounding the automotive and cultural sectors. A government official said International Trade Minister Francois-Philippe Champagne pressed his counterparts for an exemption on culture-related elements that had been part of the original TPP deal. The official said Canada will protect its cultural sector in the updated deal through legally binding side letters with each partner. The autos component risks being more controversial. In a sector considered key to the deal, Canada managed to get a bilateral arrangement with Japan to resolve non-tariff barriers, including a binding dispute settlement mechanism, according to an official. The official said the side agreement brings into force key commitments made by Japan to Canada and the U.S. in the original deal, but which were lost when the U.S. pulled out.
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