Obama says not moving forward with TPP would undermine U.S.

U.S. President Barack Obama said not moving forward with the Trans-Pacific Partnership (TPP) trade pact would undermine the U.S. position across the Asia-Pacific region.

He said he had heard calls for a less ambitious trade agreement that would exclude U.S. workers and businesses at a news conference at the APEC summit in Peru, the last stop of his last scheduled trip abroad as president.

(Reporting by Jeff Mason; Editing by Sandra Maler)