Japan, Australia and New Zealand were cautious in their reaction to news of United States President Donald Trump wanting reopen talks on the Trans-Pacific Partnership (TPP).
This is the same deal he pulled America out of as soon as he took office.
An Associated Press report says Japanese officials welcome the move, if it means Trump is recognizing the importance of the agreement. New Zealand’s Trade Minister says his country is not blind to the benefits of trading with the world’s largest economy. However, David Parker says U.S. participation is theoretical because “it’s not clear yet how real this is, given the different views to the Administration.”
His Australian counterpart warns there will not be a lot of interest in substantial renegotiation among the 11 countries in TPP. The agreement puts agricultural exporters in the agreement at an advantage over their American counterparts, and the Australian Minister says, “I think that’s one of the reasons why the United States is taking a second look at possibly rejoining the TPP.”