International News

LIMA, (MILLAT+APP/AFP) – US Trade Representative
Michael Froman warned of “serious” strategic and economic costs
from scrapping a major trans-Pacific trade deal, as proponents
lobbied hard to overcome president-elect Donald Trump’s opposition.
Acknowledging that the fate of the 12-nation Trans-Pacific
Partnership agreement, or TPP, is now largely out of the Obama administration’s hands, Froman indicated he would continue to make the
case that the deal is good for America.
“We are obviously at a point in time where this is a
legislative process to get TPP through and it’s really up to
the Congressional leadership to determine if, when and how it’s
going to move forward,” he said. “It’s a political decision for them
to make.”