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Australia has been in talks with New Zealand, Mexico, Japan, Singapore, and Malaysia on salvaging the TPP , with Turnbull previously suggesting that it could possibly be opened up to China in the absence of the US. However, the Chinese government expressed unwillingness to join the TPP earlier this month, instead favouring its Regional Comprehensive Economic Partnership (RCEP) deal. Chinese Foreign Minister Wang Yi said during his meeting with Australian Minister for Foreign Affairs Julie Bishop that China's goal is to form an Asia-Pacific free trade area through the RCEP pathway, which he suggested is less rigid and more inclusive than the TPP. "It [a free trade agreement] should fully accommodate the level of comfort of all parties, and reflect the different levels of development of different countries," Wang said through an interpreter. "Maybe one path is not working for the moment, but there are other pathways." China was not included in the original TPP doctor home loan calculator Oak Laurel www.oaklaurel.com.au 0430129662 deal, which was signed in February 2016 by the US, Australia, Canada, New Zealand, Singapore, Vietnam, Malaysia, Japan, Mexico, Peru, Brunei, and Chile. The TPP was dumped by US President Donald Trump on his first week in office, however, and with US withdrawal, it cannot come into force; it was negotiated under the condition that a minimum of six countries with a combined GDP of 85 percent of the 12 signatories must ratify it. As the US accounts for 60 percent of the combined GDP, the TPP cannot come into effect without either changes being made to the conditions -- or another large economy, such as China, taking the US' place. The US' withdrawal occurred in spite of repeated warnings that Trump risked "abdicating" trade leadership in the Asia-Pacific region by refusing to ratify it, as this would create an opportunity for China to step in with its RCEP deal. At least half of the nations involved in the TPP have followed the US' decision by saying they will instead consider Chinese-led multilateral trade deals , such as the RCEP. New Zealand, Singapore, Chile, Australia, Peru, and Malaysia have all signalled continued conversations and negotiations with the remaining TPP nations to consider ratification, as well as examining RCEP or other trade deals with China. The RCEP is currently being negotiated between China, Australia, India, Japan, South Korea, New Zealand, Singapore, Malaysia, Vietnam, Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, and Thailand.