What America’s exit from the Trans-Pacific Partnership means for Australia

One of Donald Trump’s first moves as President has been to exit the Trans-Pacific Partnership.

The future of the 12-nation trade deal is now uncertain, although the Australian Government has said it will see if an arrangement can still be reached with the other interested nations. 

Economist Tim Harcourt told Neil Mitchell what the move means for Australia.

‘For farmers and service exporters, there’s probably some opportunities that might have come 10 or 15 years down the track that we won’t get,’ Mr Harcourt said.

‘But it’s not a complete disaster.’

‘We can still have a trans-Pacific deal. It doesn’t have to include the United States.

‘In some ways, China might see this as an opportunity to extend their influence in the Asia-Pacific.’

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