Australia: No appetite for new TPP talks to accommodate US

SYDNEY: There is “no appetite” among the Trans- Partnership (TPP) signatories for major renegotiations to accommodate the US, Australia said yesterday after President Donald Trump indicated he was considering rejoining the trade pact.

Trump said on Thursday the US could re-enter the TPP if it could get a “better” deal, a major U-turn after leaving the Pacific trade pact last year and calling it a jobs killer.

But Australia’s Trade Minister Steven Ciobo said he “can’t see any appetite for any kind of wholesale renegotiations of the TPP deal to accommodate the United States”.

“Now don’t get me wrong, that’s not saying we don’t want the Americans back in, we do,” Ciobo told Sky News Australia.

“But what I am saying is I can’t see us unpicking all the stitching that brought this deal together to accommodate the US at this point.”

Eleven Asia-Pacific nations signed a slimmed-down version of the trade pact, now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, in March.

Apart from Australia, the pact includes Brunei, Canada, Chile, Japan, , Mexico, New Zealand, Peru, and . – AFP

Source: The Sun Daily

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