Meeting in Chile, ministers praise Pacific Rim trade pact

Tran Quoc Khanh, Vietnam's Deputy Minister of Industry and Trade, left, talks with Singapore's Industry and Trade Minister Chan Chun Sing, during a me

Tran Quoc Khanh, Vietnam's Deputy Minister of Industry and Trade, left, talks with Singapore's Industry and Trade Minister Chan Chun Sing, during a me

Chilean Foreign Minister Fernando Ampuero, talks next to James Carr, Minister of International Trade Diversification of Canada during a meeting of the

Chilean Foreign Minister Fernando Ampuero, talks next to James Carr, Minister of International Trade Diversification of Canada during a meeting of the

Kiyoto Tsuji, Parliamentary Vice-Minister of Foreign Affairs of Japan, talks next to David Parker, Minister for Trade and Export Growth of New Zealand

Kiyoto Tsuji, Parliamentary Vice-Minister of Foreign Affairs of Japan, talks next to David Parker, Minister for Trade and Export Growth of New Zealand

New Zealand's Minister for Trade and Export Growth David Parker speaks during a meeting of the Comprehensive and Progressive Agreement for Trans-Pacif

New Zealand's Minister for Trade and Export Growth David Parker speaks during a meeting of the Comprehensive and Progressive Agreement for Trans-Pacif

Singapore's Industry and Trade Minister Chan Chun Sing, speaks next to James Carr, Minister of International Trade Diversification of Canada during a

Singapore's Industry and Trade Minister Chan Chun Sing, speaks next to James Carr, Minister of International Trade Diversification of Canada during a

Tran Quoc Khanh, Vietnam's Deputy Minister of Industry and Trade, left, speaks next to Singapore's Industry and Trade Minister Chan Chun Sing, during

Tran Quoc Khanh, Vietnam's Deputy Minister of Industry and Trade, left, speaks next to Singapore's Industry and Trade Minister Chan Chun Sing, during

SANTIAGO, Chile (AP) — The trade ministers of Singapore, Japan and New Zealand are highlighting the benefits to their countries of a Pacific Rim trade agreement formed after President Donald Trump abandoned the Trans-Pacific Partnership.

When Trump rejected the Trans-Pacific Partnership after he took office in 2017, the 11 nations remaining amended the pact to enable it to take effect without Washington's participation. They created the Comprehensive and Progressive Trans-Pacific Partnership, or CPTPP, which took effect late last year.

In Chile, trade ministers said Thursday that in its first quarter of validity, the pact had increased their exports and raised expectations of economic growth. The officials are attending an Asia-Pacific Economic Cooperation meeting.

Japan's Kiyoto Tsuji said that with the approval of the CPTPP, his country's economy is expected to grow 1.5%, while New Zealand trade minister David Parker said his country's trade with Japan grew 25% and with Canada 8.4%.

Singapore trade and industry minister Chan Chun Sing called the agreement "an important part of international trade ... to resist protectionism."