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'No appetite' for major TPP changes to accommodate US: Aus

AFP  |  Sydney 

There is "no appetite" among the signatories for major renegotiations to accommodate the US, said today after indicated he was considering rejoining the pact.

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 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

"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 nations signed a slimmed-down version of the trade agreement, now known as the Comprehensive and Progressive Agreement for (CPTPP), in March.

Apart from Australia, the pact also includes Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, and Vietnam, representing together 13.5 per cent of the global

The 11 states form a market of 500 million people.

The deal was signed just before slapped steep tariffs on imported and aluminium, and also before tit-for-tat warnings between the US and over imposing levies on each other's goods.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, April 15 2018. 07:45 IST
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