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TPP without U.S. is meaningless, says Japan

Staff Writer |
The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without U.S. participation, Japanese prime minister Shinzo Abe said as U.S. President-elect Donald Trump announced he planned to quit the pact.

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Abe’s comment came shortly before the Trump released a short video about his plans for his administration, including an intention to have the U.S. drop out of the TPP pact.

”I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” Mr Trump said. “Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores.”

Abe spoke after attending a weekend meeting of Asia-Pacific leaders in Peru at which some said they might try to modify the 12-nation TPP pact to make it more appealing to Mr Trump or seek to implement it without the U.S.

But Abe discounted the idea of going ahead without the US being a part of the deal. “TPP is meaningless without the United States,” he told a news conference during an official visit to Argentina.

He also said the pact couldn’t be renegotiated, adding: “This would disturb the fundamental balance of benefits.”

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