Trump released a video today laying out actions he would take on his
first day in office on 20 January, including withdrawing the US from
the free trade deal.
included issuing a notification of intent to withdraw from the TPP,
instead negotiating with countries bilaterally.
also said he would 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.
said he would reduce regulations by passing a law requiring two to be
removed for every new regulation enacted.
his plan to as he called it "drain the swamp" of corrupt
politicians in Washington, he would impose a five-year ban on
executive officials becoming lobbyists after leaving the
administration and a lifetime ban on those officials lobbying on
behalf of foreign governments.
Trump has said he was not opposed to trade deals, but would sign only
those he considers best for America.
his victory speech, he said the US will "get along" with
all countries willing to get along with it.
the APEC summit in Peru this week, countries which have signed up to
TPP, including New Zealand, expressed disappointment over Mr Trump's
intentions to pull the US out.
Barack Obama also said that not moving ahead with TPP would undermine
America's position across the Asia-Pacific region. Mr Obama
championed the TPP as a way to counter China's rise.
Minister John Key has said he is still prepared to push on with the
TPP, even without the US.
Zealand Prime Minister John Key Photo: RNZ / Rebekah
Key said at the APEC summit that if the TPP stood without the US, New
Zealand could still reap about two-thirds of the $2.7 billion in
TPP agreement includes 12 nations including Australia, Brunei,
Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore and Vietnam
as well as New Zealand and the US.
those, New Zealand currently does not have free trade agreements with
the US, Japan, Mexico, Canada or Peru.
proposed deal was finalised between the 12 nations in Auckland in
Minister Todd McClay said at the time he acknowledged there would be
obstacles to the agreement coming into force, but that New Zealand
would give the new US administration time to fully consider its trade
Zealand Trade Minister Todd McClay Photo: RNZ / Alexander
New Zealand Labour and Green parties opposed the bill.
TPP has faced protests and opposition, particularly over a provision
giving corporations greater rights to sue governments for introducing
legislation that harmed their investments.