The Australian government needs to consider alternative trade agreements, now that the Trans-Pacific Partnership is dead, Labor MP Jason Clare says.
The shadow trade minister addressed the media in Sydney on Saturday after US President Donald Trump's inauguration and an updated White House website informed the world that the long fought-for Trans-Pacific Partnership Agreement no longer had US support.
The first two countries to focus on are India, which is still under negotiation, and an agreement with Indonesia, Mr Clare said.
"Trade with Indonesia is massively underdone at the moment," he said.
It was possible the remaining 11 countries signed on to the TPP may wish to enter a trade agreement without the US, but it was unclear how the lack of US support would affect Australia, the Labor MP said.
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Mr Clare said he had asked the government to give him economic modelling on a TPP-style agreement minus the US, but they hadn't done one yet.
The TPP was across 12 countries and was supported by both major local political parties as an improved pathway for Australian access to trade markets.
"The way that the TPP works is that without the United States, the TPP doesn't come into effect," Mr Clare said.
"That means the TPP is dead and Donald Trump has killed it."
He said Prime Minister Malcolm Turnbull's plan to introduce legislation to the Australian parliament to implement the TPP was now futile.
"Throughout the week Malcolm Turnbull has said that he can convince Donald Trump to change his mind, well now it's clear that he can't," he said.
On behalf of the Labor party, Mr Clare congratulated the new president on his elevation to high office and praised outgoing president Barack Obama for his eight years of service.
A spokesman for Mr Turnbull told AAP the government remained committed to the TPP and its position on it had not changed.
