But Rice warned that if, as seems likely, TPP is abandoned, it will leave space for China to expand its influence among traditional USA allies in southeast Asia.
Deputy Prime Minister and Foreign Minister Pham Binh Minh stated at the Vietnam Summit 2016 in Ho Chi Minh City early this month that with Vietnam signing the TPP agreement, the country hoped to intensify trade ties with Asia-Pacific countries and create more business opportunities for Vietnam and the other TPP members.
"The fate of the TPPA will therefore depend on whether the new US Presidency will ratify the Agreement", he said in a statement.
The initiative to shore up U.S. influence and secure job-creating economic ties with Pacific countries was painstakingly negotiated over several years with 11 other countries together comprising 40% of the world economy.
"Asian countries want America to be engaged", Lee said. "Malaysia will monitor closely developments on the TPP under the new USA presidency", Mustapa added.
The TPP also had security aims.
Ciobo added that Australia did not pin all its trade hopes on the TPP, as it is still pursuing several bilateral trade deals along with a regional economic deal.
Rejecting TPP "would be a big self-inflicted wound on our nation", he said in October at the Chicago Council on Global Affairs.
Donald Trump, President Obama have 'excellent' first meeting at White House
Vice President Joe Biden will meet with Trump's running mate, Mike Pence, later in the afternoon, around 2:45 p.m. It was about the country we love and building an America that is hopeful, inclusive and big-hearted".
"Should the USA withdraw from TPPA, it will effectively mean that the Agreement can not enter into force", he said. But popular sentiment has been moving against trade deals, with even Democratic presidential candidate Hillary Clinton opposing the TPP despite praising it as secretary of state. Chuck Schumer, D-N.Y., the incoming leader for Democrats in the Senate, told labor leaders that the deal would not be approved.
U.S. Trade Representative Michael Froman at the same forum sponsored by Politico and FedEx Corp, said that the TPP could not move forward before Trump takes office in January without congressional leaders supporting it.
Wendy Cutler, a former acting deputy USA trade representative and key negotiator of the deal, said that beyond the damage to United States leadership, there are economic costs to cancelling the pact.
"Trade is not going to stop, it will continue, we'll be part of it but we won't be as able to shape the framework to serve our values and our interests", she said.
"Globalization is here to stay", said Cutler, who now runs the Asia Society Policy Institute's Washington office, speaking at a discussion hosted by Georgetown University Thursday.
An International Trade Commission report in May cited that TPP would increase U.S.ag exports about $7.2 billion over 15 years while ag imports would grow about $2.7 billion.
Xi has previously said that "there are worries about the potential for fragmentation". "But once you're in the White House, what seemed to be a black-and-white issue is now very complicated". By mid-year, Trump could also follow through on a campaign promise to withdraw from the North American Free Trade Agreement if concessions aren't made by Canada and Mexico.
"I think TPP is in a deep sleep", Green said, "but I don't think it's dead".