MOSCOW (Sputnik) — The future of the TPP was put into question after the victory of Trump in the US presidential election on November 8. During his presidential campaign, the US president-elect has repeatedly criticized the deal and expressed the desire to shift the focus from the global trade to national economic development in order to support the US economy.
"New Zealand is moving forward, Japan is moving forward, so there is still a lot of goodwill among signatories of the TPP so we will just have to see what happens in the fullness of time with respect to that," Ciobo said, as quoted by The Sydney Morning Herald, answering a question about the impact of the TPP collapse on free-trade deals in the region.
The TPP seeks to remove barriers to trade among its 12 signatories, which together account for 40 percent of the world's economy: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. The agreement was signed in New Zealand's Auckland on February 4.
