Australia Trade Minister Ciobo Says TPP Still Possible

The transcript discusses the challenges and opportunities for the Trans-Pacific Partnership (TPP) following the US withdrawal. It highlights Vietnam's conditions for participation, Australia's perspective on achieving a beneficial outcome, and the timeframe for implementation. The possibility of renegotiation and consensus among remaining TPP members is explored, along with the role of the EU in Asia's trade relations. The impact of non-tariff barriers on global trade is also addressed, emphasizing the need for their reduction to promote economic growth.

What was the main reason Vietnam wanted to be part of the TPP?

• To gain tariff-free access to the US

• To strengthen ties with Japan

• To improve relations with Australia

• To increase exports to Canada

By when did the original TPP agreement need to be finalized?

• December this year

• February next year

• June next year

• August this year

What is the likelihood of the USA rejoining the TPP within the next 12 months?

• Somewhat likely

• Very likely

• Unlikely

• Certain

Which country is seen as having a significant role in leading the TPP 11?

• Australia

• Japan

• Canada

• New Zealand

What is the main focus of the EU in its trade negotiations with Asia?

• Improving political relations

• Increasing exports

• Chasing growth

• Reducing tariffs

What is the impact of non-tariff barriers on global trade?

• They hinder economic growth

• They have no impact

• They simplify trade processes

• They promote economic growth

What is the main goal of discussions with China regarding trade?

• To increase tariffs

• To remove non-tariff barriers

• To establish new trade routes

• To reduce export volumes