Australia's Cormann: Why We're Still Pursuing the TPP

The transcript discusses the impact of the US withdrawal from the Trans-Pacific Partnership (TPP) and Australia's decision to continue with the agreement. It highlights the benefits of TPP for the remaining member countries and the potential for the US to rejoin in the future. The discussion also covers the importance of bilateral and multilateral trade agreements in boosting regional economies and removing trade barriers.

Why is Australia still interested in pursuing the TPP without the United States?

• Because the TPP is no longer relevant.

• To focus solely on regional trade pacts.

• To maintain trade relations with the remaining 11 countries.

• Because the US is the only important member.

What is the potential benefit of the US rejoining the TPP in the future?

• It would decrease the number of participating countries.

• It would allow the US to participate in the fast-growing Asia Pacific market.

• It would increase trade barriers.

• It would make the TPP less effective.

What is one reason given for not abandoning the TPP framework?

• It has no benefits for the participating countries.

• It provides a framework to boost trade and integrate economies.

• It is only beneficial for the US.

• It is outdated and irrelevant.

What is the stance on pursuing other trade agreements alongside the TPP?

• Pursue both bilateral and multilateral agreements.

• Abandon all other trade agreements.

• Ignore regional trade initiatives.

• Only focus on the TPP.

What is the main goal of the TPP according to the transcript?

• To focus solely on US interests.

• To boost business capacity and remove trade barriers.

• To isolate the Asia Pacific region.

• To increase trade barriers.