World

I'll quit TPP on day one as president: Donald Trump

  • 91 reading now

Washington, DC: US President-elect Donald Trump has released a video laying out actions he'll take on his first day in office on January 20, including withdrawing the US from a Trans-Pacific Partnership trade deal.

Trump also says he'll issue a rule cutting government regulations, direct the Labor Department to investigate abuses of visa programs, and cancel some restrictions on energy production, including shale oil and gas and coal.

More News Videos

Donald Trump offers 'transition update'

The US President-elect shares an update on the Presidential Transition, an outline of some of his policy plans for the first 100 days, and his day one executive actions.

He reiterates a number of his promises for the first 100 days of his administration, including vows  to remove regulations on businesses and establish a five-year ban on executive officials becoming lobbyists.

Notably missing from his promises is his pledge to repeal the Affordable Care Act and his vow to build a southern border wall with Mexico.

Trump has yet to hold the traditional news conference that previous presidents- elect have done within days of winning on Election Day.

Australia is one of the key signatories to the TPP and the issue had been discussed at the APEC leaders forum in Peru last weekend.

Australian Prime Minister Malcolm Turnbull had been optimistic Trump might have a change of heart.

"It may well be over time that the TPP is embraced by the United States... perhaps in the same form it is today, perhaps in a different form," he said in Lima on Sunday.

Japan's Prime Minister Shinzo Abe said on Monday the trade deal would be meaningless without US participation.

Abe, who also attended a gathering of TPP leaders in Lima on Saturday, said there was no discussion at the meeting that other members should try to put the TPP into effect without the United States, he said. 

"The TPP would be meaningless without the United States," Abe said.

RCEP looms

The controversial trade deal was already likely dead well before the oncoming Trump presidency because of resistance to the details of the agreement, according to the Australian Fair Trade & Investment Network.

"Donald Trump didn't kill the TPP," said AFTINET Convener Dr Patricia Ranald in a statement.

"His opposition was only the final blow which came at the end of more than six years of criticism from public health, environment, church, union and other community organisations," she said.

"These critics were not against trade itself but against unfair trade deals.

"Their criticism was based on human rights and environmental values."

Dr Ranald warned however that the proposed 16-member Regional Comprehensive Economic Partnership show "some governments are pushing for TPP-like provisions on stronger medicine monopolies and corporate rights to sue governments."

The RCEP is a proposed trade agreement between Association of Southeast Asian Nations. It is seen as a rival China-led pact to the TPP.

AP, Reuters, Fairfax Media 

Advertisement