However, International Trade and Industry Minister Mustapa Mohamed said there cannot be any assumptions made at this time.

“Malaysia would wait for greater clarity from the US Administration when the new president takes office on Jan 20, 2017. Malaysia will take the next course of action only when there is official confirmation that the US will not participate in the TPP.” Mustapa said in a statement released today.

This however, does not hide the fact that any non-participation by the US will mean that the TPP would not be able to take off.

The US accounts for about 60% of the combined GDP of the 12 member nations. Under the TPP agreement, the trade pact can only come into effect if a minimum of six nations are participating and there is at least 85% of the combined GDP of all 12 nations currently in the trade pact.

Hence, any pull out by the US will rule the TPP null and void.

The uncertainty that hangs in the air, is not going to stop the minister from continuing to work towards amending relevant legislations domestically though.

“The changes to some of these laws are not just to comply with the TPP but are a result of the ongoing domestic review meant to strengthen and update a number of laws to facilitate trade and fulfil our international obligations,” Mustapa said, adding however, any amendments will still need the Cabinet’s approval.

Continuing to stay upbeat, Mustapa said once there is certainty from the new US administration after Jan 20 next year, then the  chief negotiators from the other 11 nations may meet to consider options and the way forward.