Australia should ratify the Trans-Pacific Partnership trade pact, a parliament joint standing committee recommends.
The treaties committee report also recommends reviewing Australia's bilateral trade deals with TPP 11 parties, and to withdraw from those that no longer benefit local businesses.
The TPP-11 agreement is between Australia, Japan, Malaysia, Vietnam, Singapore, Brunei, New Zealand, Canada, Mexico, Peru and Chile, with the US pulling out of the deal when Donald Trump became president.
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