IMF Calls for Closer Trade Integration Amid US Withdrawal From TPP

© AFP 2023 / TOSHIFUMI KITAMURAA demonstrator holds a fan with "No! TPP" in a protest against the Trans Pacific Partnership (TPP) trade deal at a sit-in demonstration in front of the parliament building in Tokyo
A demonstrator holds a fan with No! TPP in a protest against the Trans Pacific Partnership (TPP) trade deal at a sit-in demonstration in front of the parliament building in Tokyo - Sputnik International
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The International Monetary Fund would like to see closer trade integration amid Washington’s decision to withdraw from the Trans-Pacific Partnership (TPP) free trade treaty, the fund’s deputy spokesman William Murray said in a briefing on Thursday.

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WASHINGTON (Sputnik) — On Monday, US President Donald Trump signed an executive order withdrawing the United States from the TPP, fulfilling his campaign pledges.

"It is really up to the countries that are involved to move this issue forward. What we would like to see is that all countries look for path to closer trade integration," Murray told reporters when asked to comment on the United States’ withdrawal from the deal.

Trump has not been in favor of the free trade agreement between Washington and 11 other Pacific-Rim states and has repeatedly voiced the necessity to replace multilateral agreements by bilateral deals that would be more beneficial for the United States.

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