With Trump, the TPP is dead in the water.
Prime Minister John Key has conceded the Trans-Pacific Partnership mega trade deal is dead in the water after the United States elected Donald Trump as its new president.
Mr Trump is fiercely opposed to the 12-nation trade agreement and Mr Key said his election means it is now unlikely to be passed during the so-called “lame duck” period between the presidential election the presidential inauguration on January 20.
“The probability of it passing in the lame duck period is if not zero then it’s very close to zero,” he told the Paul Henry show.
“It’s hard to believe that the Congress is now going to vote for something he is so opposed to.”
Mr Key has previously said without the US the deal, covering 40 per cent of global trade and 800 million people, was not worth signing.
That means the TPP was just a Trojan Horse into the US market then. If none of the other partner countries are worth it, then that’s the only conclusion left.
Mr Key had congratulated Mr Trump on his election victory and would make personal contact in the coming days.
“The American people have spoken and I congratulate Mr Trump on his victory after a long campaign,” Mr Key said in a statement .
Mr Key said New Zealand and the United States shared a strong relationship and he looked forward to that continuing.
“Over the coming months we will be looking to build close ties with the incoming administration.”
Not sure Donald Trump will play golf with Key. Nor do I see them becoming close friends. But one thing I do know: Key and Trump are both Masters of the Deal. Even if no friendship develops, they’ll be just fine.
– NZN via Yahoo! News