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Business > Top Business
US nixes return to Trans-Pacific trade pact
By Ben Kritz
Nov 20, 2021 12:17 am

THE United States is 'not in a position to rejoin' the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and will instead pursue creation of a 'better' pact called the Indo-Pacific Economic Framework, Commerce Secretary Gina Raimondo said on Thursday.

Raimondo spoke to the media from Kuala Lumpur, where she is wrapping up a week-long visit to the region, the first for the Biden administration official.

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