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TPP: Australian Federal Government scrambles to salvage Asian trade deal after Donald Trump pulls US out
Now Trade Minister Steve Ciobo is hoping that the remaining 11 countries can form a "TPP minus one" to salvage the deal. Mr Trump signed an executive order overnight to pull the US out of the 12-country agreement, which could have solidified his country's leadership in the Asia-Pacific. Mr Trump described the deal — which would have covered nearly 40 per cent of the global economy — as a "rape" of his country. Australia's Federal Government had been pushing hard for Parliament to confirm the deal as soon as possible, but Mr Ciobo now says the Government will keep its options open. "It is a case of being an ... (full story)
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