Chile's Foreign Minister: TPP Not Dead, Despite Trump Comments

Countries involved in the Trans-Pacific Partnership, or TPP trade pact, will continue working to bring a deal to fruition despite a pledge by U.S. President-elect Donald Trump to withdraw from the accord, Chile's foreign minister said on Tuesday.

"Whether it be with the United States or without the United States, there's a willingness among the countries that make up the TPP to move forward," Heraldo Munoz told a news conference ahead of a visit by Chinese President Xi Jinping to the South American nation.

On Monday, Trump released a video pledging to withdraw from the TPP on his first day in office, calling it "a potential disaster" for the United States.

The future of the 12-nation deal, which does not include China, was one of the key themes of summit talks between leaders of Asia-Pacific Economic Cooperation or APEC economies in Lima in recent days.