Growing discontent with'free trade'deals in the US:An anti-TPP protest last year in Atlanta,Georgia.

Growing discontent with 'free trade' deals in the US:An anti-TPP protest last year in Atlanta,Georgia.

Over the weekend the Senate's top Democrat Charles Schumer told union leaders the deal would not be ratified. House of Representatives Republican speaker Paul Ryan,who has in the past supported the TPP,said the"votes aren't there"to pass it.

Mr Trump made opposing the TPP a key part of his campaign,saying America did"not need to enter into another massive international agreement that ties us up and binds us down". Democrats members of Congress were never keen,opposing by a wide margin President Barack Obama's negotiating mandate which only passed into law with the support of Republicans.

On Sunday Australia's trade minister Steven Ciobo questioned whether it would be worthwhile concluding the agreement without the US,even if it was possible.

"In theory,yes,"he told the ABC'sInsiders."but is there enough merit to look at a trade deal among the 11 of us? It changes the metrics substantially."

Advertisement
Donald Trump's shock election has led President Barack Obama's administration to abandon plans to push through the TPP during the lame duck congressional session.

Donald Trump's shock election has led President Barack Obama's administration to abandon plans to push through the TPP during the lame duck congressional session.Credit:AP

Loading

Mr Ciobo will hold discussions about the future of the agreement at the APEC leaders summit in Lima,Peru on Thursday which will be attended by Mr Turnbull on Sunday.

The US decision leaves two Australian parliamentary inquiries in limbo. The joint standing committee on treaties finished hearing evidence just before Mr Trump's election and has not yet produced a report. The Senate inquiry has yet to call witnesses.

Former trade minister Andrew Robb signed the Trans-Pacific Partnership (TPP) in February this year.

Former trade minister Andrew Robb signed the Trans-Pacific Partnership (TPP) in February this year.Credit:Fiona Goodall

Most Viewed in Politics

Loading