18 February 2017

News Story: New Zealand, Australian leaders pledge closer trade, science cooperation

WELLINGTON, Feb. 17 (Xinhua) -- The leaders of New Zealand and Australia have agreed to work together to revive the Trans-Pacific Partnership (TPP) trade pact after the United States' withdrawal under President Donald Trump.

New Zealand Prime Minister Bill English and his Australian counterpart Malcolm Turnbull issued a joint communiqué Friday after talks in New Zealand's South Island mountain resort of Queenstown.

The statement said the two leaders had agreed to continue to push for open markets and regional economic integration, "noting, with concern, growing anti-globalisation sentiment in many parts of the world."

The TPP, signed by 12 nations in Auckland last year, was a "key promoter of regional economic integration and a driver of economic growth, competition, innovation and productivity," it said.

"In light of the intention of the United States not to ratify TPP, the two Prime Ministers agreed that Australia and New Zealand would work together to engage with other TPP partners on the way forward, over the coming months."

Read the full story at Xinhua