Ministers of the 11 signatories remaining in the TPP reached an agreement in principle Thursday to go ahead with the implementation of the free trade deal without the US.
Overnight, Australia and Peru have announced a free trade agreement with "huge wins" promised for Australia's education, mining, health, services and farming sectors.
This marked an important milestone in the bilateral ties, serving as a driving force to promptly step up their friendship and extensive and productive cooperation at a time when the two countries have increasingly been sharing interests bilaterally, regionally and globally, they said.
New Zealand's minister for Trade and Export Growth, David Parker, said talks on a Pacific Rim trade pact are more likely to progress if few changes are made to the original accord.
"This is not about having a strategic impact - I'll leave it for others to talk about that".
The deal is a major achievement for the "TPP 11", which spent months trying to salvage the pact after the US pulled out when President Donald Trump took office.
Canada's Prime Minister Justin Trudeau attends a news conference with his Vietnamese counterpart Nguyen Xuan Phuc (not pictured) at the Government Office in Hanoi, Vietnam November 8, 2017.
Ardern has a one-on-one meeting scheduled with Canada's Prime Minister Justin Trudeau at the East Asia Summit in Manila, in the Philippines, starting on Sunday, and would take that option up.
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Trump and other APEC leaders, including President Xi Jinping of China and Russian President Vladimir Putin, will meet on Friday in Danang.
There have been speculations about a TPP announcement since the beginning of the APEC summit on Monday.
But Vietnam is also at the TPP table and it's an ASEAN member, which sets it up as a key partner in a region where Canada wants to increase its presence.
In the agreement he thought was reached, Parker said New Zealand got "some of what we wanted, but not all of what we wanted" in relation to the dispute clauses.
Canada has hosted talks to save the TPP, and Champagne said he wasn't proposing a full-scale renegotiation.
"Culture is more than just an economic good", he said.
Trump, the official added, only pulled out of the Pacific Rim deal about 10 months ago, while the first discussion by the remaining countries' officials on how to reshape a post-U.S. TPP only happened five months ago.
Former Quebec premier Jean Charest, who is honorary chair of the ASEAN-Canada Business Council, said Vietnam not only shows real economic potential, it also has strong people-to-people links with Canada. The TPP would improve market access and support the rule of law - and the world was "dangerously short of both", he said.