PM defends Trump's free trade credentials

Prime Minister Malcolm Turnbull discussed trade with US Vice President Mike Pence during their bilateral meeting in Sydney on Saturday.

Australian Prime Minister Malcolm Turnbull

Malcolm Turnbull has hinted at the possibility of meeting US President Donald Trump next week. (AAP)

Malcolm Turnbull has defended President Donald Trump's free trade credentials despite America's withdrawal from the controversial Trans-Pacific Partnership deal.

The prime minister discussed trade with US Vice President Mike Pence during their bilateral meeting in Sydney on Saturday.

Mr Trump's decision to pull out of the TPP effectively killed off the 12 country trade pact.

Other countries involved in the TPP were Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam.

Mr Turnbull played down Mr Trump's protectionist rhetoric and said it was the president's "sovereign right and solemn obligation" to decide whether deals were in America's interest.

"Each nation is committed to protecting its economic interest first and foremost," he told reporters in Sydney, saying the US government had to make its own judgements.

"President Trump is an international businessman so he can hardly be described as somebody who is unused to the benefits of international trade and commerce, he understands it very well."

Mr Pence said the TPP was a "thing of the past" for the US.

But he said the US would look for opportunities to expand trade on a bilateral basis.

He praised the US-Australia free trade agreement as a model deal.


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world