Japan not ready to abandon TPP, waits to deal directly with Canada

Japan wants Canada to join the fight against rising American protectionism, but that doesn’t extend to reviving its own direct trade talks with Canada, says the Japanese ambassador.Envoy Kenjiro Monji says Japan is still determined to save the 12-country Trans-Pacific Partnership, despite president-elect Donald Trump’s vow to take the United States out of it. Japan hopes that Mr. Trump can still be persuaded to back off from his opposition to TPP before his Jan. 20 inauguration.

Japan and Canada hoped to deepen their economic ties through their joint membership in the massive Pacific Rim trade deal that would have brought together 40 per cent of the world’s economy.Opinion: Canada’s next trade pact should focus on Japan and India (subscribers)Opinion: With the collapse of TPP, Canada must turn its focus to the Asian blocAnalysis: Trump’s protectionist trade stance sparks concerns of global trade war (subscribers)Canada has …