Trans Pacific Partnership

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Last quote about Trans Pacific Partnership

Jonathan Lieber
I think the likely outcome based on the body language so far is they get a minor rewrite of NAFTA to include some of the TPP-like rules.feedback
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Aug 16 2017
You can find on this page a variety of quotes, by one or many people, on what they said about Trans Pacific Partnership. 147 people are quoted and you can read 257 citations of them about Trans Pacific Partnership. Shinzo Abe, Steven Ciobo, Barack Obama and Ildefonso Guajardo, are those who have spoken the most about this topic. Shinzo Abe said: “Eleven countries have made their judgement on the assumption that the U.S. will be in TPP. We need to consider what is best and the 11 countries must be united.”.
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All quotes about Trans Pacific Partnership

Ron Wyden

Donald Trump promised to get a better deal than TPP, and Americans are going to be deeply disappointed if he doesn't follow through on NAFTA negotiations.feedback

Tomohiko Taniguchi

The hope of Japan, of course, is to maintain the status quo of the already agreed framework, including the details. Negotiations, once started, could turn in all sorts of different directions. It's a gathering of 11, after all, self-centred, even selfish, countries. All sorts of negotiations are likely happening.feedback

Kazuyoshi Umemoto

We need a new international agreement. I think we have reached a rough picture of what it will be like.feedback

Bruce Andrews

If they try to renegotiate the rules or lower the standards, it will make it harder for the U.S. to rejoin the agreement down the road. If TPP had gone into force, the Chinese, by necessity, would eventually have wanted to be part of it to enjoy its benefits. In order to get into TPP, China would have had to do some serious economic reform and open their market from their current closed state. If TPP does not go forward as the model, China will likely get better terms from other countries without having to open its market.feedback

Ichiro Fujisaki

We should welcome the United States when the United States decides to come back at some time in the future.feedback

Takuji Okubo

I think it's simply wishful thinking that the Trump administration will change its mind about the T.P.P. So long as he remains the president I don't think he will actually make that turnaround.feedback

Donald J. Trump

Negotiations, once started, could turn in all sorts of different directions. It's a gathering of 11, after all, self-centered, even selfish countries. All sorts of negotiations are likely happening.feedback

Hiroto Saikawa

We see this agreement as an opportunity to further negotiations over the RCEP (Regional Comprehensive Economic Partnership) and pick up discussions over the TPP (Trans-Pacific Partnership), as we would like to see a further advancement of global free trade.feedback

Cliff Kupchan - Eurasia Group

Having pulled out of the Paris accord, after sowing doubt at NATO and killing the TPP, President Trump is on the way to ending the U.S.-led international order. I think we're heading toward a Hobbesian, each-on-his-own world.feedback

Wilbur Ross

It's no mistake that, while we withdrew from TPP [Trans-Pacific Partnership], we did not withdraw from TTIP [Transatlantic Trade and Investment Partnership]. The EU is one of our largest trading partners, and any negotiations legally must be conducted at the EU level and not with individual nations. Thus, it makes sense to continue TTIP negotiations and to work towards a solution that increases overall trade while reducing our trade deficit.feedback

Matt Levatich

The big opportunity for Harley, growth-wise, is in Asia, and a lot of the work with the TPP addresses some of the barriers that are in the way of our growth in Asia.feedback

Todd McClay

An absolute commitment to work together to find ways to put it in place, so the benefits of the agreement are available not only to our economies, but the people of our country, so I'm extremely pleased with the outcome, and it probably is better than what I thought it would be. Strategically it's very clear that everybody believes the common set of rules that are in TPP are extremely valuable and important. And it's very pleasing to see all 11 countries now after some months of affliction, committing to this process.feedback

Deborah Elms

For countries like Chile, they live in a difficult neighborhood.feedback

Ildefonso Guajardo

It is in the best interest of Mexico to be linked to the Asian economies. We are now creating a new membership…in order to not waste the negotiating capital we have invested in TPP.feedback

Todd McClay

I've formally written to the Pacific Alliance members requesting that New Zealand become an associate member. We see South America, along with Mercosur, with Europe, with Asia, our relations with the U.S. as very important to New Zealand trade policy.feedback

Paulina Nazal Aranda - Pacific Alliance

It's well known that New Zealand and Australia are in the top list for us to initiate this kind of process.feedback

Steven Ciobo

Any trade deal, of course, has its critics. From the government's perspective, we are unashamedly pro-trade.feedback

Todd McClay

The value of TPP is just not about the economics. It's a common set of very high quality rules that stretch from countries in North America to Asia across the Pacific. It's a great achievement and it means that many barriers that our exporters, our businesses face when trying to trade across borders will be, over time, removed. I would challenge any future government of New Zealand to make the case of why they'd want to turn their back on the best access that New Zealand has ever has to the Asia Pacific.feedback

Hiroshige Seko

In our TPP, we had addressed the issue of digital trade, intellectual property, as well as customs procedures and trade facilitation. Even with 11, very good free trade can flow as a result of it.feedback

Todd McClay

It should be available for others to join when they want. But they would have to meet the standards that have been agreed amongst us.feedback

Alex Capri

The Chinese would not be particularly pleased to see the TPP go ahead, even without the United States.feedback

Robert Lighthizer

The United States pulled out of the TPP and it's not going to change that decision. That does not mean we will not engage in this region. The president made a decision, that I certainly agree with, that bilateral negotiations are better for the United States than multilateral negotiations.feedback

Steven Ciobo

It's important to leave the door open to the United States. It may not suit US interests at this point in time to be part of the TPP, but circumstances might change in the future.feedback

Alan Bollard

So we're looking for more clarity about the U.S. position and we hope we may get some of that with the new U.S. trade representative.feedback

Ildefonso Guajardo

There are going to be elections in Mexico, I think, in the summer of 2018. There is going to be a Congressional renewal in the U.S. in November. Therefore, it is in the best interest of the parties to really try to align the process to be finished before the elections. Recent history has taught us that when you negotiate an agreement, you better be prepared to take it to the legislative branch in the same time period because a new government, you never know if it's going to honor what you negotiated.feedback

Roberto Azevêdo

The question is how can the system help address the concerns that the United States has.feedback

Alan Bollard

There is this rising tide of protectionism, and particularly new U.S. administration policies, and that makes it more complex because we are here for all the 21 [APEC] economies.feedback

Steven Ciobo

Six months ago, people were sort of pessimistic about the TPP and thought that without the United States, this wouldn't happen. Now, we're much more realistic about it. I think that there is possibly a path forward.feedback

Shinzo Abe

Eleven countries have made their judgement on the assumption that the U.S. will be in TPP. We need to consider what is best and the 11 countries must be united.feedback

François-Philippe Champagne

This has been a long-standing agreement. We've done that 12 times already, so we're very confident that things are going to go very well.feedback

Deborah Elms

It will be the right rhetoric. There will be a deliverable. The intention is to announce [a TPP 11] deal by the leaders' summit.feedback

Robert Lighthizer

It's going to be tough to see how he can connect all the dots between what the president says, what the private sector has been saying, what the agricultural sector has been saying, what Congress has been saying, the different parties. It's a lot of moving parts.feedback

Todd McClay

I would expect from a statement from the ministers when we meet on Sunday to show commitment to moving forward with that set of common rules, an endorsement of the importance of high-quality trade agreements that allow regional economic integration and a pathway toward some form of decision toward the end of the year.feedback

George Yeo - Kerry Logistics

For Japan, this is a political move to neutralize China. Without the U.S., it is hard for Japan to give concessions on agriculture.feedback

Arup Raha

The TPP is clearly diminished with the U.S. out, but they will try and resurrect it.feedback

Deborah Elms

It's a win-win for the 11. Services and investment access is amazing. That's the big debate. Do we leave it as it is or remove them outright?feedback

Shinzo Abe

We have finally come to an agreement on the rules of free and fair trade. Since we have come thus far, Japan must now take on a leadership role and bring the talks forward.feedback

Alan Bollard

Either TPP ministers will say they want to go ahead with TPP 11 and change the articles so that they can put it into force. That's not too difficult. Or else, they might say they want to discuss it further. It could mean some more complicated renegotiation.feedback

Alan Bollard

We'll be looking to see whether TPP ministers say they are definitely pushing ahead by simply by changing the articles, or whether they come out and say they're positive about the prospects, but need more discussions.feedback

Nguyen Xuan Thanh

It's part of the game. You don't want to be seen as desperate for bilateral deals.feedback

Alan Bollard

Momentum on market integration and trade is being tested in ways we have not seen since these forces transformed the Asia-Pacific into the engine of the world economy. The shifting landscape is both a cause for consternation and an opportunity to work out and align new policy approaches to globalisation that could result in improved economic and social outcomes.feedback

Kotaro Tamura - Milken Institute

Japan's prime minister and government paid a tremendous amount of political capital to make [the TPP] happen. They won't waste it. Of course they were pretending to talk about a free trade agreement (FTA), but bottom in the heart, they will be welcoming the U.S. back. It's not about FTA. It's buying time, but in reality, they are looking for the U.S. coming back to the pact. They seem very confident. Otherwise, Japan would not do something like that without the U.S. moving ahead with other 10 membership countries.feedback

Shinzo Abe

Eleven countries have made their judgement on the assumption that the U.S. will be in TPP. We need to consider what is best and the 11 countries must be united. Since the U.S. understands the importance of having free and fair rules in the trading world, our wish is that the U.S. will return to TPP.feedback

Thomas P. Miller

This is another chance for Xi Jinping to strut his stuff on the global stage and burnish his leadership credentials. Withdrawing from the TPP left a void at the heart of economic leadership in Asia, and Xi Jinping is trying to jump into that void.feedback

Matthew Goodman

This is a major challenge to the United States. If not through the TPP, we need to re-engage, to figure out another way to play in the Asia-Pacific arena. There is so much at stake for us economically and politically. We don't have an economic strategy, and we need one.feedback

Deborah Elms

I think that's hubris on the part of the U.S. to assume that once we pull out, then everybody else is going to go home. This is a 12-party agreement. The other 11 are equally important on their own right.feedback

Arun Jaitley

I believe that an individual trade pact may not succeed because one country has pulled out, as in the case of TPP. But trade is going to move forward. Trade is going to find ways and means – either by way of multilateral arrangements, plurilateral arrangements, or bilateral arrangements – of moving forward. I don't think there is any force in the world today that can prevent trade. As long as we keep reform momentum, which we are doing, we should be okay.feedback

Joseph Parilla - The Brookings Institution

It's a little bit ironic that the administration pulled out of TPP immediately and now a renegotiation of NAFTA looks a lot like TPP.feedback

Marcus Noland - Peterson Institute for International Economics

The sensible way would be to… basically take the chapters of TPP that address issues like e-commerce, and say, This is the modernization of NAFTA. That would make sense and it would be pretty straightforward.feedback

Steve Okun

I wouldn't be surprised if the negotiations start with where we were on the TPP on rules of origin and then apply it to NAFTA.feedback

Steve Okun

[For] the four presidents preceding Donald Trump, we had a focus on a multi-lateral system that was rules based, and that evolved over time and it went from FTAs (free-trade agreements) and WTO (World Trade Organization) and up to the TPP (Trans-Pacific Partnership). The Trump administration seems to be shifting that from a multilateral to a bilateral and from a rules-based to a transactional. It is certainly a step back.feedback

Steve Okun

If you're a business and you have a global supply chain and you trade across borders, how are you going to put all this together to take advantage of those bilaterals? You can't. The multilateral system eliminates the spaghetti bowl problem. And it also brings a set of rules that you can craft your business around and you can craft your supply chain around. What Secretary Ross was talking about was one of the biggest issues that was negotiated in the TPP. All of that was negotiated at length in that agreement.feedback

Alexander Downer

If you want free trade with us, that is great. How do you achieve that, we are relaxed about that - we wouldn't have any objection in principle to the UK trying to come alongside on the TPP, it is a very high-quality agreement.feedback

Alexander Downer

I think the TPP will go ahead, I think Japan's switch in position is very promising and Prime Minister Abe said he wants the TPP 11 [countries] to go ahead. Could the UK join that? We wouldn't have any objection.feedback

John Weekes - Nafta

It would make a lot of sense from a UK perspective to have one agreement with the North American countries rather than three agreements [one per country] especially when those countries have one agreement with each other. Why not think of joining that? In many ways the TPP agreement is a modernisation of Nafta as it involves the three Nafta countries.feedback

Meredith Sumpter

In line with the political mandate of President Trump, we should watch for Mike Pence focusing part of his visit on expanding U.S. commercial ties within Indonesia. The vice president is well aware that the U.S. needs to do more in the wake of walking away from the TPP to message U.S. economic staying power. When you look at the outcome of this initial economic dialogue channel with the deputies for both sides, what's notable is that there was no agreement to continue on with formal talks for a U.S.-Japan bilateral FTA.feedback

Meredith Sumpter

This is a signal that PM (Shinzo) Abe is certainly intent on pursuing the TPP 11– so this would be the TPP, absent the U.S. – probably on account of a rising interest among the other TPP players to see what can be salvaged, even if the U.S. decides to continue to turn away from the TPP. Washington is very intent on pursuing bilateral trade negotiations, not only with Japan, but with other trade partners in the region.feedback

Sean King

Trump said [TPP] was a disaster, but I'm sure the other members would be willing to make concessions to get the U.S. back in, just like South Korea was willing to make concessions to Obama for his endorsement of the U.S.-Korea [free trade agreement]. He's certainly made greater reversals and claimed victory. Why not do this for our friends who want to stand with us against countries like China and North Korea? I'm all for it.feedback

Sean King

Whoever thought that Trump would let China, a rival, off the hook on currency? If he can do that with a country that's clearly not a friend, maybe he could reconsider reversing himself on TPP for a friend like Japan. I think Taro Aso is just going to hear out Pence to be nice to Trump...I don't expect much to come out of these talks, it's going to be a bunch of niceties but no real deliverables.feedback

Sean King

We [the U.S.] are trying to offer them a poor man's TPP with this FTA idea, but I don't think Japan has any interest in pursuing that. They want to stick with ideas and principles that were hammered out in TPP.feedback

Bruce Klinger

President Trump has made it very clear that he doesn't like multilateral free trade agreements as much as some of us will like the TPP to have been passed.feedback

Kent Bacus

That's the greatest market access ever negotiated – so far. We're hopeful that the new administration will be able to strike a bilateral deal very soon and either improve upon that or at least get us the 9 percent that TPP would have offered.feedback

Mike Pence

It is our belief by bringing together the family of nations with diplomatic and economic pressure we have a chance of achieving a freeze on the Korean Peninsula. We will not rest and will not relent until we obtain the objective of a denuclearized Korean Peninsula. We would like to seek the best shape and forum for our bilateral relationship. The TPP is a thing of the past for the United States of America.feedback

Sean King

Whoever thought that Trump would let China, a rival, off the hook on currency? If he can do that with a country that's clearly not a friend, maybe he could reconsider reversing himself on TPP for a friend like Japan. He's certainly made greater reversals and claimed victory. Why not do this for our friends who want to stand with us against countries like China and North Korea? I'm all for it.feedback

Mike Pence

It is our belief by bringing together the family of nations with diplomatic and economic pressure we have a chance of achieving a freeze on the Korean Peninsula. We will not rest and will not relent until we obtain the objective of a denuclearized Korean Peninsula. We appreciate the challenging times in which the people of Japan live with increasing provocations from across the Sea of Japan. We are with you 100 percent. We would like to seek the best shape and forum for our bilateral relationship. The TPP is a thing of the past for the United States of America.feedback

Kim Jong-un

Unfortunately, it's not a new surprise for us. He continues to develop this program, he continues to launch missiles into the Sea of Japan. With the regime it's not a matter of if – it's when. We are well prepared to counter that. Withdrawing from the TPP shouldn't be seen as a retreat from the region. On the contrary, our economic presence in the region is enduring.feedback

Chuck Jones

I'm grateful he was able to keep 730 Carrier jobs here in this country. He's fought against unions. He's filled his Cabinet with big-business people. I'm encouraged that he pulled out of TPP, but it was pretty much dead anyway. He was singing the right message on jobs and manufacturing. Hillary didn't have a message for labour. People bought into Trump. They people who support Trump say to me, Give him a chance. I hope at one point in time I can say, I was completely wrong, he's good for working people.feedback

Max Baucus

[The Chinese] know that you cannot conduct foreign policy by Twitter, by tweeting, and brashness. That's going to tick them off. I think it's a huge mistake for the United States to drop TPP. By us not passing TPP, it creates a vacuum and guess what? China is filling the vacuum.feedback

Michael Froman - World Trade Organization

You really can't be a leader of free trade if you have restrictions on your own system. There are specific actions you need to take internationally to help support the system and actions you need to take domestically to open up your economy and make sure there's a level playing field. That flies in the face of being a global leader on these issues. We've been saying for some time that if the TPP did not move forward, it would create a void that China was too willing to fill, and that even our closest military allies would line up behind China. We're seeing that play out now in real time.feedback

Paul Cundy

This is a serious issue with potentially huge implications for patients, GPs and TPP. At the moment GPs are at risk of complaints being made against them. It is unlikely that patients would expect to learn that their records were accessible by the wide range of institutions and organisations that currently have [SystmOne] installed, such as many prisons. I understand there are currently approximately 2,000 separate organisations connected across their client base.feedback

Deborah Kay Elms

If you look at what the U.S. committed in the TPP, the reality is they did very little, in part because the U.S. market is already open.feedback

Aloysio Nunes

The U.S. withdrawal from agreements like the Trans-Pacific Partnership [TPP] and the Atlantic Alliance undoubtedly opens new opportunities for us. There is an intensification of our talks with the EU and we are moving into a decision-making phase. We will sign a wide political accord this year and later negotiate more delicate issues. This is a new area of Brazilian diplomacy. Trump is the Republican Party on a drunken binge. He represents the worst of his party, the most uncontrolled and inflamed side. Our relations with the United States are good and we want them to continue improving.feedback

Rajiv Biswas - IHS Economics & Country Risk

The original TPP deal required the ratification of TPP members comprising at least 85 percent of the GDP of the entire TPP grouping. Therefore, without the U.S., a new version of the TPP agreement would be needed. The US withdrawal from the TPP will help to strengthen China's economic leadership position in the Asia Pacific with its key role as a member of trade negotiations on RCEP and the FTAAP.feedback

Deborah Kay Elms

The onus is on the current members, particularly Japan, to decide if they want to continue promoting the gold standard agreement or consign it to the dust bin.feedback

Max Baucus

The best thing to deal with South China Sea issue is to bring back the TPP, repackage it, change it, call it Trump PP – whatever it takes to show to Asian countries, especially Southeast Asian countries and Japan, that we are present and we are part of the solution.feedback

Max Baucus

There's nothing more important than resurrecting, bringing back the TPP. That's probably the best economic complement we can come up with in the U.S. to deal with South China Sea issues (involving) China. China is going to fill that void, there is no question (about it) with their RCEP (Regional Comprehensive Economic Partnership) and with all the things they are doing.feedback

Matt Levatich

TPP was important to us, but now of course we are turning our attention to whatever bilateral trade agreements that could help level the playing field for Harley-Davidson.feedback

Patrick Chovanec - Silvercrest Asset Management

Singapore is clearly deeply annoyed at the U.S. abandoning TPP. Singapore is more important than it might seem, at first glance, because of the quiet but strategically important security relationship it already has with the U.S., which relies on Singapore as a regional supply base for naval operations. If abandoning TPP, along with other moves, cause Singapore and other countries in Asia to see the U.S. an unreliable partner, the implications could be quite serious.feedback

Gina Sanchez

If you look at the status of most [campaign] promises, those that would be the most expansionary, things like tax reform and deregulation et cetera, those have largely been delayed. Whereas if you look at the status of promises that would likely dampen growth, cause inflation or both: You are looking at pulling out of the TPP, exiting negotiations with China and Mexico. All of those are not only on track but moving very quickly. The equity markets are largely expecting most of the positives while completely discounting the negatives.feedback

Ron Kirk

But Canada's also shrewd enough, I think, to try to move forward and take advantage of our absence and our leadership, particularly in Southeast Asia, while we try to get our act together.feedback

Ron Kirk

That would be a tragic outcome for U.S. businesses and exporters and farmers and their workers, because we would have effectively negotiated the largest duty-free zone in the world and then said to U.S. businesses, You can't play in that market.feedback

Ron Kirk

What hurts me the most [is that] these were countries that very much came to the United States and effectively said, please don't leave us with only one global alternative. They had no choice but to be engaged with China. China is the 5,000-pound gorilla in Southeast Asia, but [the other countries] very much wanted to hedge against that by entering this partnership with the United States.feedback

Ron Kirk

[TPP] was at the top of Canada's agenda because they wanted to be a part of that new market. And the irony was that the Trans-Pacific Partnership effectively was the opportunity for the three North American partners to modernize and update NAFTA.feedback

Bernie Sanders

I am glad the Trans-Pacific Partnership is dead and gone. For the last 30 years, we have had a series of trade deals – including the North American Free Trade Agreement, permanent normal trade relations with China and others – which have cost us millions of decent-paying jobs and caused a 'race to the bottom' which has lowered wages for American workers. Now is the time to develop a new trade policy that helps working families, not just multinational corporations. If President Trump is serious about a new policy to help American workers, then I would be delighted to work with him.feedback

Charlie Weaver

We supported TPP strongly and wish [the president] would have embraced it. Protectionism isn't good for U.S. workers, consumers or the economy. That's the fear of changing NAFTA and walking away from TPP.feedback

Mary Kelpinski

We were really hoping for TPP to go through. We're really hoping to work with this new administration and really are hopeful they will support an open trade market. If it wasn't for the exports that we have currently, the pork producers would probably be hurting quite a bit. Because the [domestic] market is so saturated right now that they wouldn't be getting a very good price for their product.feedback

Doug Lippoldt - HSBC

We must protect our borders from the ravages of other countries making our products, stealing our companies and destroying our jobs.feedback

Xi Jinping

Whether you like it or not, the global economy is the big ocean that you cannot escape from. We will open our arms to the people of other countries and welcome them aboard the express train of China's development.feedback

Drew Greenblatt

We're going to have to invest in getting our eighth graders and high school grads to do well with math so they can be viable. We're not going to create the grunt work of yesterday; that's not our future. When those manufacturing jobs come back, they're going to be different jobs, and there will be less of them because we're so much more productive that we used to be. You're going to have an American worker making 80 grand a year – one guy running a robot – rather than 10 Chinese workers in a room doing it by hand. We're not going to get the 10 jobs coming back from China.feedback

Carl Weinberg - High Frequency Economics

Consider the message delivered: Walk away from global trade if you wish, President Trump, but be wary of those who pick up the mantle of leadership as you throw it away.feedback

Jeffrey Bergstrand

Virtually all economic analyses of the proposed TPP … provided empirical arguments that the TPP would raise U.S. workers' income, both for highly educated and less educated workers.feedback

Roger McNamee

The tech industry is so exposed to that – it needs China. I am actually worried we are radically altering the way our economy works in real time. If we lose the Trans-Pacific Partnership (TPP) one of the levers of protecting American companies will go away.feedback

Bill Daley

That's the future growth of the world right now. We can't give the impression to our allies or friends in Asia that because the president is against TPP ... that therefore economically we're going to pull away from Asia. That's a terrible message.feedback

Su Xiaohui

The reason Abe is unable to accept the current situation is because the TPP is of excessive strategic importance to Japan. From Japan's perspective, the TPP is a key part of the Japan-U.S. alliance. Seeing the disputes surrounding the TPP from the U.S. and Japan, China is even more determined to participate and promote integration in the Asia-Pacific region.feedback

Vikram J Singh - Center for American Progress

Every country that went through the process of TPP had to do politically difficult things at home.feedback

Shinzo Abe

I think President Trump also understands the importance of free and fair trade, and I want to steadfastly seek his understanding of the strategic and economic significance of the TPP agreement.feedback

Chrystia Freeland

This agreement was so constructed that it can only enter into force with the United States as a ratifying country. So the TPP as a deal cannot happen without the United States being a party to it.feedback

Robin Speer

It's disappointing. We know trade improves productivity, innovation and supply chains, and helps drive economic growth.feedback

Mark Fields - Ford Motor Company

We have been very vocal both as an industry and as a company, and we have repeatedly said that the mother of all trade barriers is currency manipulation. TPP failed in meaningfully dealing with that, and we appreciate the president's courage to walk away from a bad trade deal.feedback

Koichi Hagiuda

As Prime Minister Abe has made clear, TPP without the United States is meaningless and the balance of interests would crumble.feedback

Hua Chunying

We think that in the present situation, no matter what happens, all should keep going down the path of open, inclusive, continuous development, seeking cooperation and win-win.feedback

Malcolm Turnbull

We want to have more opportunities with more markets. We already have a China-Australia Free Trade Agreement. Certainly there is the potential for China to join the TPP.feedback

Ron Kirk

First to market means something. The U.S. being in on the ground floor, along with Chile and Singapore and Brazil and New Zealand and Mexico and Canada and others, really put us in an advantageous position to have this agreement reflect our values and made sure it protected our workers and our businesses and gave us fair access to those markets. Short-term and long term I see this as not positive for U.S. interests economically and certainly not in terms of our prestige and our leadership in Southeast Asia.feedback

Ron Kirk

We're now going to be competing against other countries who are going to reduce over 18,000 tariffs. Those tariffs will now stay in place for the U.S.. This is going to be devastating for American farmers and ranchers and businesses. It's the equivalent of building the largest duty-free shopping zone in the world and then declaring we don't want to participate.feedback

Bill English

We've got this RCEP (Regional Comprehensive Economic Partnership) agreement with Southeast Asia, which up until now has been on a bit of a slow burn but we might find the political will for that to pick up if TPP isn't going to proceed.feedback

Philip Seng

We urge the new administration to utilize all means available to return the United States to a competitive position, so that our industry can continue to serve this important international customer base and further expand our export opportunities.feedback

Charles Grassley

I like trade and we need to negotiate down barriers. It's just not an easy thing to do.feedback

Joel Newman

Mounting competition and new trade agreements within that region that exclude the U.S. continue to block opportunities for the U.S. feed industry to capture this demand.feedback

Joe Schuele

We look at access to the Asia Pacific region as being very, very important to both the beef and pork industries.feedback

Nobuteru Ishihara

There is no change to our view that free trade is the source of economic growth.feedback

Malcolm Turnbull

Losing the United States from the TPP is a big loss, there is no question about that. But we are not about to walk away ... certainly there is potential for China to join the TPP.feedback

Todd McClay

The agreement still has value as a FTA (Free Trade Agreement) with the other countries involved.feedback

Bill Northey

We saw dollar weakness in conjunction with those falling yields, and it led to a strengthening of the yen. Much of it was based on non-economic news. We saw the U.S., through executive action, withdraw from the TPP, which brings up some broader questions about the degree of trade protectionism that we might see out of the new administration. That certainly played into today's activity.feedback

Yoshihide Suga

A TPP without the U.S. would be incredibly difficult, but we do have a window until 2018, when the treaty needs to be ratified. We believe we still have an opportunity to convince the U.S. about the importance of free trade. I do believe the two countries can have an appropriate conversation about the role that Japan is playing in reality, including cost. We need to take this step by step.feedback

Ali Velshi - MSNBC

Companies love free trade. Companies get to share profits with shareholders, the government gets the taxes, but workers don't get their fair share.feedback

Evan Greer

The TPP's 5,000+ pages actually had very little to do with trade. Instead, corporations tried to turn it into a wish list for policies that they knew would never pass through Congress.feedback

Derek Scissors

This is all diplomacy. There is no benefit. The idea was diplomatic rather than economic.feedback

Steven Ciobo

Certainly I know that Indonesia has expressed a possible interest and there would be scope for China . . . indeed other countries, to consider joining and to join in order to get the benefits that flow as a consequence.feedback

Kristen Welker

A White House official tells NBC News that as early as Monday, President Trump is expected to sign an executive order that will put in motion the renegotiation of NAFTA. President Trump is also expected to sign an executive order announcing his intention to withdraw from TPP, a trade agreement among 11 other Pacific Rim countries.feedback

Shinzo Abe

When we met last time, I believed him to be trustworthy, this belief has not changed today.feedback

Yoshihide Suga

Japanese investments into the United States top $410 billion and create 800,000 jobs. This is the reality of what's happening right now. As long as we convey that clearly, we believe that there will be a clear understanding on the economic front.feedback

Yoshihide Suga

Up until now, the tests were conducted once every three years. We believe the situation is becoming increasingly dangerous. Amid that threat, our country, in addition to the U.S., and South Korea – the alliance must work together to counter this.feedback

Shinzo Abe

I believe President Trump understands the importance of free and fair trade, so I'd like to pursue his understanding on the strategic and economic importance of the TPP trade pact.feedback

Stephen Innes

The lack of any key U.S. economic data overnight had dealers focused exclusively on the Trump administration's trade policy and the signing of the executive order to pull out of the TPP.feedback

Malcolm Turnbull

Losing the United States from the TPP is a big loss, there is no question about that. But we are not about to walk away from our commitment to Australian jobs. You have to recognize that his secretary of state, Rex Tillerson, has been a longtime advocate for it. The Republican Party in the Congress have been strong supporters of the TPP. It is possible that U.S. policy could change over time on this, as it has done on other trade deals.feedback

Bill English

If you ask me today, I'd say there's a pretty low chance of that happening in a form that we'd find satisfactory. But we wouldn't want to rule it out, any more than we'd want to rule out other versions of progress on free trade, with TPP or not. That's why I've indicated we'd be interested in preserving the option or of finding other ways of encouraging the engagement of the U.S. in the Asia-Pacific.feedback

Ron Moore - American Soybean Association

Trade is something soybean farmers take very seriously. We export more than half the soy we grow here in the United States, and still more in the form of meat and other products that are produced with our meal and oil. The TPP held great promise for us, and has been a key priority for several years now. We're very disappointed to see the withdrawal today.feedback

Daniel Clifton

Tomorrow's going to be trade day, NAFTA, TPP withdraw and some stronger enforcement of trade deals.feedback

Sean King

Just like in the World Trade Organization (WTO), India has been very recalcitrant on market access opening...India is very loathe to open its markets to anyone, even its friends and allies.feedback

Leena Menghaney

Proposals in the RCEP negotiations are trying to introduce IP measures far tougher on access to medicines than what is required under international trade rules. If accepted, the agreement would restrict access to affordable generic medicines for people in many countries that will be part of the agreement and for the millions of people around the world who rely on life-saving affordable generic medicines from India.feedback

John Kerry

I can't predict what the new administration is absolutely going to do with the trade, but I can absolutely tell you that the fundamental reasons for the TPP haven't changed. Shift in our administrations in Washington is not going to alter or fundamentally undermine the commitments of the United States to prosperity and stability and security of the Asia-Pacific. Our friendship doesn't depend on individuals or personalities.feedback

Steven Ciobo

We will certainly continue to look for trade opportunities. Australia is a trading nation.feedback

Steven Ciobo

Talk of the TPP being dead is premature. We need to give the Americans time to work through this issue.feedback

Travis Considine

Perry has always supported free trade and its positive impact on economic growth and job creation. He believes America can achieve robust economic growth and job creation, similar to what has occurred in Texas, with trade agreements like the Trans-Pacific Partnership.feedback

Heidi Heitkamp

It's long past time that a decision is made on the easement going under Lake Oahe. This administration's delay in taking action – after I've pushed the White House, Army Corps, and other federal agencies for months to make a decision – means that today's move doesn't actually bring finality to the project. The pipeline still remains in limbo. The incoming administration already stated its support for the project and the courts have already stated twice that it appeared the Corps followed the required process in considering the permit.feedback

Najib Razak

If the TPP is a no-go, then RCEP must be brought to a conclusion, the earlier the better and I think realistically we are talking about the end of 2017.feedback

Barack Obama

I believe that TPP is a plus for America's economy, America's workers, American jobs. I think not moving forward would undermine our position across the region, our ability to shake the rules of global trade in a way that reflects our interests and our values.feedback

Derek Scissors

I don't see any meaningful benefit for China from the U.S. rejection of TPP. There will be a good deal of diplomatic theater but it all gets forgotten by the next news cycle. The Chinese will talk about grand new deals but the only truly free trade agreement they've ever signed is with Taiwan, and that is still primarily political. The Chinese will certainly sign trade agreements, but they will do nothing to change the Asian economy.feedback

Ian Bremmer - Eurasia Group

American allies are freaked out about this in Asia. The Chinese are licking their lips – they're very happy about it.feedback

Ian Bremmer - Eurasia Group

This means that everyone in Asia no longer sees the United States as a credible leader, so they have to go to China for leadership. There's a little bit of triumphalism in Beijing.feedback

Geng Shuang

That is to say, we hope that all sides do not consider or interpret free trade arrangements from the perspective of geopolitics. There is no zero sum relationship between the various free trade arrangements, and they should not be mutually exclusionary, but rather should promote each other.feedback

Geng Shuang

I think that in this process, China will make its own contribution and play its own role.feedback

Shinzo Abe

This would disturb the fundamental balance of benefits, which is also why renegotiation is impossible.feedback

Billy Melo Araujo

Of course, Trump does not propose to go that far. There is no sign of reforming the fundamentals of the international trading regime. Trump's promise is far more basic. It is one based on a retreat from free trade with, perhaps, a dash of old-fashioned economic isolationism. That being so, Trump discarding the TPP in the short to medium-term is a fairly safe bet.feedback

Billy Melo Araujo

The irony is inescapable. The TPP was designed by the US specifically to counteract its waning influence in Asia and combat the rise of China. The TTIP was espoused as an essential tool to consolidate trade rules that reflect the US's interests and values. And yet the likelihood is that both agreements may eventually be destroyed by a president whose entire sales pitch has been based on reasserting the US's greatness on the global stage.feedback

Swati Dhingra

A bigger issue is these are really simple solutions that are being given [by Trump], that 'let's cancel NAFTA, let's cancel TPP and somehow that's going to get things okay in our country'. It's not going to be that simple and that worries me more.feedback

Swati Dhingra

I think [Trump pulling out of TPP] will give a jolt to globalisation and I don't think it will necessarily be a bad thing. The same trade deals would be more justified if they had democratic legitimacy.feedback

Ildefonso Guajardo

Mexico has to have a means of integrating itself with the Asia-Pacific (region).feedback

Geng Shuang

We hope that these trade deals will follow the World Trade Organisation (WTO) rules and be helpful to the multilateral trade system. Also, we hope these agreements can reinforce rather than thwart each other.feedback

Fredrik Erixon

A Trump presidency looks set to anger a lot of countries in the world with its trade policy. There are no one-way gains in trade and good trade deals need to advance benefits for all sides. Trump's America first rhetoric is profoundly incompatible with good trade deals.feedback

Stephen Orlins

I think what happens is bilateral negotiations between the United States and China.feedback

Fredrik Erixon

Canada has to stay close to the US because it is its biggest market. But then it should accelerate its policy to diversify its trade with other parts the world, including China.feedback

Fredrik Erixon

It basically means that TPP is dead. It was an initiative to coordinate all the existing U.S. Free Trade Agreements, and then with new additions like Japan. The entire economic rationale for TPP falls flat without the U.S. as participant.feedback

Wendy Cutler

In a renegotiation, one side can come in with requests, but the other side is going to expect concessions. We need to know what we're going to ask for and what we can give.feedback

Malcolm Turnbull

Time will tell whether and to what extent the new administration and the new congress engages with the TPP or an evolved version of that agreement. There is very strong support among the other 11 parties to the TPP to ratify it and to seek to bring it into force.feedback

Najib Razak

It is President-elect Donald Trump's right as the democratically-elected next leader of the United States to make the policy decisions he thinks right. I am a strong supporter of developing trade and open regionalism in Asia Pacific. It is key to benefiting our peoples.feedback

Steven Ciobo

We still hold very firmly the view that the TPP is a great deal not only for Australia, but for all countries that have signed up to the agreement. It's an agreement that will help to drive regional economic integration. It's a deal that provides good market access for Australian exporters and so for that reason, Australia's view is that we will press ahead with our domestic processes.feedback

Shinzo Abe

The TPP would be meaningless without the United States. This is the problem that cannot be solved without the relationship of trust between leaders.feedback

Chad Bown - Peterson Institute for International Economics

If U.S. workers are more expensive than Mexican workers, the only way to level the playing field is to do things that raise costs in Mexico.feedback

Chad Bown - Peterson Institute for International Economics

There is no precedent in free trade negotiations for one side raising tariffs more than the other.feedback

Shinzo Abe

We've also exchanged opinions about the need to pressure North Korea more because the nuclear missile threat from that country has increased.feedback

Shinzo Abe

From here on, through the joint public and private sectors, we will promote Japanese involvement in infrastructure and other sectors in Argentina.feedback

Shinzo Abe

This is the problem that cannot be solved without the relationship of trust between leaders. I will be directly communicating with President Putin and make progress one solid step at a time.feedback

Yasuhisa Kawamura

Japan wants to take the lead and encourage other like-minded TPP countries to fulfil their commitments.feedback

Yasuhisa Kawamura

The TPP is not just a technical trade agreement. Countries should stand by the same values of freedom, democracy, human rights, and rule of law.feedback

Fred Crosetto

There are 18,000 products that will come out of the United States into TPP countries and those are going to be more or less duty-free. It's an enormous golden age of opportunity for American manufacturers and American suppliers to ship things to Asia because Asians have rising incomes. They want to spend. They have a high appetite for high quality products.feedback

Fred Crosetto

It's definitely is going to be a negative policy decision. It's going to reaffirm to potentially a lot of countries in the region, or a lot of people who look towards the United States, that maybe the United States isn't committed to Asia long term.feedback

Fred Crosetto

I would say, look, Asia is a very important place. The United States really would be wise to sit down and think how can we actively engage Asia, China, because this is where things are going to happen in the next 50 years.feedback

Fred Crosetto

We think the TPP, in our particular company, [would] generate numerous high paying jobs mostly in services -- social media, design, sales, and marketing.feedback

Alan Bollard

I don't think we'll hear a lot on TPP for a while. We've got to wait for the U.S. administration to get it through Congress, be clearer about its policies, which we're not clear on.feedback

Marcel Thieliant - Capital Economics

The demise of the TPP will still do lasting harm to Japan's long-term prospects even if the RCEP comes into force.feedback

Bernie Sanders

Do I think our campaign, in a sense, made Hillary Clinton a better candidate? Yeah I do. And I'll tell you why, because by the end the campaign she was against the Keystone Pipeline, by the end the campaign she was against the [Trans Pacific Partnership trade deal], by the end the campaign she was for making public colleges and universities tuition free.feedback

Derek Scissors

TPP dying just leaves the U.S. in the same situation we are now. If the Trump administration goes further, for example by discriminating against trade with Asia, this would open to the door to a greater Chinese role.feedback

Shinzo Abe

There's no doubt that there would be a pivot to the Regional Comprehensive Economic Partnership if the TPP doesn't go forward. RCEP doesn't include the United States, leaving China the economy with the largest gross domestic product.feedback

Meredith Sumpter

Net net, the loss of TPP is going to be a loss for China. There's this popular view that the TPP was meant to be exclusive of China, and that's simply not true: The U.S. wanted to get China engaged at a second (round of discussions), and the Chinese were quietly showing interest in that.feedback

Barack Obama

Increasing trade in this area of the world would be a boon to American businesses and American workers, and it would give us a leg up on our economic competitors, including one we hear a lot about on the campaign trail these days: China. The world has changed. The rules are changing with it. The United States, not countries like China, should write them.feedback

Rajiv Biswas - IHS Economics & Country Risk

The collapse of the TPP agreement may galvanize momentum for the successful conclusion of the RCEP, with China and ASEAN playing central roles in strengthening the APAC trade architecture.feedback

Shinzo Abe

There's no doubt that there would be a pivot to the RCEP if the TPP doesn't go forward.feedback

Yasuhide Yajima - NLI Research Institute

A weak yen, TPP ... all these things that were the basis of success for Abenomics risk being upended by a Trump presidency. Abe will probably compile a third supplementary budget. But what's next? I wonder how he could scrape out money to fund yet another big stimulus package next year.feedback

Pedro Pablo Kuczynski - World Bank Group

The Berlin Wall lasted 40 years . . . why do we want another wall? In Latin America we must show solidarity.feedback

Li Baodong

We're going to stand up to China, withdraw from TPP – which is another disaster – and protect every last American job.feedback

Jared Bernstein

Various credible sources tell me that Obama will NOT try to pass the TPP in lame duck. Not unexpected, but there it is.feedback

Ildefonso Guajardo

We'll need to talk with the others to change the limiting clause that meant us having to wait until the United States had completed the approval process.feedback

Ildefonso Guajardo

There haven't been any effects so far because I think the economic players are waiting to see how campaign rhetoric translates into public policy.feedback

Ildefonso Guajardo

We can't anticipate anything because we'd be anticipating something that wouldn't suit anybody, which is a trade war.feedback

Ian Bremmer - Eurasia Group

The Trans-Pacific Partnership (TPP) is a dead letter in this environment, as is the Transatlantic Trade and Investment Partnership (TTIP), [which is ] already on life support.feedback

Li Baodong

Trade and investment protectionism is rearing its head, and Asia-Pacific faces insufficient momentum for internal growth, and difficulties in advancing reforms.feedback

Jack Welch - General Electric

He's not going to shut down trade. He's going to get a better deal on TPP. He's going to do these things. This guy's a dealmaker.feedback

Dwight Hutchins

The biggest thing we're concerned about is the TPP. We need to make them (Congress and the President) understand that 95 per cent of the world's consumers are outside the US and we need to be playing out in that marketplace, so the TPP will help.feedback

Mark Faber

But, many Asian countries were not all that much in favor of TPP to start with ... so I don't think that it's a negative.feedback

Richard Haass

On the trade front, more broadly, I think TPP doesn't go anywhere anytime soon.feedback

Nguyen Ton Quyen

So far this year, I've had more than 30 Chinese wood companies coming to me for consultation. There's a considerable amount of Chinese wood furniture firms moving their investments to Vietnam, to enjoy tax incentives.feedback

Nguyen Chien Thang

Tax rates here are also much more favourable. Labour costs in their mainland are getting much higher.feedback

Le Dang Doanh

Vietnam so far hasn't shown a clear opinion on the two candidates ... but Vietnamese people have shown clearly that they want Hillary Clinton to win.feedback

Minh Anh

I don't like China, or Chinese, but their firms are coming here more and more. Speaking Chinese may widen my job opportunities and help me earn a good job with good benefits.feedback

Michael Froman - World Trade Organization

They are going to move ahead and get access to these markets at our expense. Our market share is actually going to decline in some of these fast-growing, large markets.feedback

Michael Froman - World Trade Organization

The textile industry, for the first time in its history, [is] supporting a trade agreement.feedback

Michael Froman - World Trade Organization

Trade agreements … [are] how we shape the global economy and make sure that we have level playing field to compete.feedback

Michael Froman - World Trade Organization

We've got the widest, broadest support across the economy. The technology companies, manufacturers, services companies, [and] virtually the entire agriculture sector [are] all in favor of this agreement.feedback

Ken Herbert

While pushback on the Trans-Pacific Partnership could have some implications for aircraft sales into the Asia region, we do not view this as a significant risk. Some speculate that the lack of the TPP could ultimately help Airbus gain share as the perception of Boeing is negatively impacted in the Asia region, but it is early to make this call.feedback

Fred Hochberg

We really can't afford to sit on the sidelines and lose out.feedback

Shinzo Abe

An early entry into force of the TPP will be a big chance and we will aim to quickly achieve a 1 trillion yen [USD10 billion] target [of annual agricultural exports].feedback

Shinzo Abe

We'll further accelerate Abenomics and maximize the pace of moving out of deflation.feedback

Joe Biden

Sometimes when there's no election to face and people are leaving and others who are staying, they may see the wisdom of TPP. But it's going to be hard. I think it's less than an even chance, but there is a genuine chance. It's possible we can get it passed.feedback

Marc Chandler - Brown Brothers Harriman

Many argue that monetary policy is reaching its political and/or ideological limit, even if theoretically interest rates can go deeper into negative territory than the ECB or BOJ have.feedback

Barack Obama

Right now, China is pushing hard to create their own trading regime out in Asia. And I promise you that China is not going to be setting up a bunch of rules that are going to be to the advantage of American companies and American businesses.feedback

Josh Earnest

I think the real stumbling block, the real impediment, the obstacle here is (the U.S.) Congress.feedback

Barack Obama

If you're frustrated about rules of trade that disadvantage America, if you're frustrated about jobs being shipped overseas ... then you want to get this thing passed.feedback

Jack Lew - U.S Treasury

The TPP on its face should be a clear plus. And we're going to continue making that case.feedback

Barack Obama

And what I'll be telling them is that the U.S. has never had a smooth, uncontroversial path to ratifying trade deals, but they eventually get done. Back home we'll have to cut through the noise once election season is over. It's always a little noisy there.feedback

Dhruva Jaishankar

Anti-trade rhetoric during the election in the U.S., coupled with the priority given to TPP and TTIP, as well as frustrations with India paint a grim picture [for future agreements].feedback

Ben Rhodes

In this part of the world, which is the largest emerging market in the world, TPP is seen as a litmus test for U.S. leadership. We would be stepping back from that leadership role, we would be ceding the region to countries like China who do not set the same types of high standards for trade agreements were we to not follow through with TPP.feedback

Tom Kenny - Australia and New Zealand Banking Group

A failure of the TPP to get over the line will represent a missed opportunity for many Asian economies.feedback

David Abney

If that goes through, that would be China setting the rules for trade in that part of the world.feedback

David Abney

We believe that sometime this year would be the best chance to get this approved. I'm not going to say it's the only chance, but we think it's the best chance.feedback

David Abney

The [Obama] administration is pushing this. They, in fact, gave the 30-day notice of intent to act just last week. So now we believe there's a real good opportunity between now and the end of the year [to pass TPP].feedback

Paul Nehlen

All we have to do is cast one ballot on Aug. 9. With your one vote, you can stop amnesty for good. With your one vote you can stop TPP. With your one vote you can end rule by corporations ... You can end the serfdom to special interests and become free, safe and secure.feedback

Paul Ryan

They have to fix this agreement and renegotiate some pieces of it if they have any hope or chance of passing it. He was doubtful this could happen.feedback

Barack Obama

Hopefully after the election is over and the dust settles there will be more attention to the actual facts behind the deal and it won't just be be a political symbol or a political football. Forces of globalization and technology have not always benefited everybody evenly. There are fears and anxieties that people may be left behind. These anxieties are legitimate. They can't be ignored.feedback

Michael Froman - World Trade Organization

The last major issue outstanding has to do with biologics and intellectual property rights.feedback

Minh Phuong Dang

With [the] TPP, more investors will come to Vietnam. Our company will grow with Vietnam's economy.feedback

Terry McAuliffe

First of all, Hillary is against TPP, and she's always going to stay against TPP, let me be crystal clear about that.feedback

John Podesta

She is against it before the election and after the election. She is not interested in renegotiating the TPP.feedback

Stephanie Taylor

After promising to oppose the TPP, it's important for Clinton to pick someone who shares that position -- especially after her delegates rejected that position in the party platform.feedback

Greg Valliere

It's a genuine concern, but investors have to realize he could take action without congressional approval. I do think that's a serious threat, but I would also say that neither he nor Hillary is going to be very aggressive looking for new trade deals. I think we hit a wall on things like the Trans Pacific Partnership. With him there's a serious risk there could be worsening relations with China.feedback

Richard L. Trumka - AFL-CIO

Presumptive Democratic nominee Hillary Clinton came around to our position and now opposes the TPP. With our help, she's never going back. Presumptive Republican nominee Donald Trump opposes the TPP, too, although he says outsourcing creates jobs, so who knows where he really stands.feedback

Jack Lew - U.S Treasury

The U.S. and the U.K. have a special, deep relationship that will continue. I think TPP is profoundly in the interest of American workers and the U.S. economy. It would promote a level playing field. I think it would be a big mistake [now] to step away from the world.feedback

Hillary Clinton

It's safe to say that the TPP won't be perfect - no deal negotiated among a dozen countries ever will be - bit its higher standards, if implemented and enforced, should benefit American businesses and workers.feedback

Barack Obama

In seven months or so, I'll be on the job market, and I'm glad I'm going to be here. I'm going to get on LinkedIn and see what comes up.feedback

Jeffrey D. Zients

We're continuing to work with congressional leaders to find the right opportunity, the right window of opportunity, to get TPP passed this year.feedback

Tom Donohue - US Chamber of Commerce

If everybody else does it, those countries in the China-sphere are going to relocate their loyalties and their economic relationships [there] and not the United States. If we don't get more competitive, somebody else is going to sell [goods and services] to them.feedback

Tom Donohue - US Chamber of Commerce

We've beaten the dickens out of the NAFTA [North American Free Trade Agreement]. But the fact is it's created all kinds of jobs here the United States.feedback

Ilana Solomon

The TPP would actually pose serious threats to one of our ocean's greatest treasures, sharks. The TPP not only fails to meaningfully address the problem of shark fin trading, but it could actually lead to the slaughter of more sharks.feedback

Jeffrey Kingston

This is definitely not good news for Abe and it's going to make it harder to sell the TPP.feedback

Shinzo Abe

Looking beyond TPP, we also have in sight the realisation of FTAAP that will create an even bigger market. At this APEC summit, we were able to create a roadmap for that.feedback

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