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'Too Early' to Speak of Consequences of US Withdrawal From TPP - Moscow

© AFP 2021 / Nicholas Kamm Delegates show their opposition to the Trans-Pacific Parternership Agreement (TPP) during Day 1 of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, July 25, 2016.
Delegates show their opposition to the Trans-Pacific Parternership Agreement (TPP) during Day 1 of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, July 25, 2016. - Sputnik International
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It is premature to speak of the effect of the US withdrawal from the Trans-Pacific Partnership (TPP) trade deal on economies of countries of the region, the Russian Foreign Ministry told Sputnik.

Demonstrators protest against the legislation to give US President Barack Obama fast-track authority to advance trade deals, including the Trans-Pacific Partnership (TPP) - Sputnik International
Withdrawal From TPP Puts Washington's 'Reliability Into Question'
MOSCOW (Sputnik) – On January 23, US President Donald Trump signed an executive order withdrawing the United States from the TPP, fulfilling his campaign pledges.

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.

"At this stage it is difficult to speak of the effect on the economies of these countries that derailment in implementation of this format could have," Director of the ministry's Third Asian Department Lyudmila Vorobyova said.

"We always root for the inclusivity, whether security or economy. The countries must not be left behind the integrational processes underway in the region," Vorobyova stressed.

Earlier, Moscow has repeatedly voiced concerned over the secrecy of the TPP deal.

The TPP agreement between the United States and 11 other Pacific-Rim states was negotiated in unusual secrecy. Critics had voiced significant concern the trade deal would undermine standards and regulations on environmental protection, health and safety, as well as workers’ rights.

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