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New Zealand Splits With Malaysia Over Reworking TPP Without U.S.

  • Trade Minister McClay says overhaul wouldn’t help New Zealand
  • Malaysia says more talks needed without access to U.S. market
Todd McClay is mobbed by reporters in Hanoi on May 21.

Todd McClay is mobbed by reporters in Hanoi on May 21.

Photographer: Hoang Dinh Nam/AFP via Getty Images

New Zealand’s top trade official said his country wouldn’t gain much from major changes to a Pacific trade pact, highlighting obstacles to finalizing the deal without the U.S. after Malaysia called for more negotiations.

"New Zealand believes that the agreement is very well balanced and needs little renegotiation perhaps other than the way it enters into force,” Trade Minister Todd McClay said in an interview Sunday at a meeting of Asia-Pacific trade ministers in Hanoi, Vietnam. “I don’t see that renegotiation would be helpful for us.”