CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Australia Says TPP Can Proceed Without US

Australia Says TPP Can Proceed Without US

by Mary Swire, Tax-News.com, Hong Kong

24 January 2017


Australian Prime Minister Malcolm Turnbull has said there is the opportunity for the Trans-Pacific Partnership (TPP) to proceed without the US.

On January 23, US President Donald Trump signed an executive order to withdraw from the TPP.

On January 24, Turnbull told reporters that he had "had active discussions with other leaders as recently as last night with [Japanese] Prime Minister Abe" about the possibility of moving forward without the US.

When asked as to whether there could be a push to include China in the agreement, Turnbull replied that there was certainly the potential for Chinese involvement.

Turnbull did however suggest that "US policy could change over time on this as it has done on other trade deals." He said that Trump's nominee for Secretary of State, Rex Tillerson, "has been a long-time advocate for it," and that "the Republican Party in Congress have been strong supporters of the TPP."

TAGS: investment | free trade agreement (FTA) | investment treaty | Australia | China | agreements | United States | trade | Japan

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »