Singapore is keeping its options open after U.S. President Donald Trump pulled the U.S. out of the Trans-Pacific Partnership trade pact, according to Minister for Trade and Industry S. Iswaran. “When one member, in particular a very large member like the U.S. pulls out, it changes the equation,” Iswaran said in an interview on Friday with Bloomberg Television’s Haslinda Amin. “This is something that all the countries have to recalculate. Do you proceed on the basis of the original deal?” “We have to keep the options open,” Iswaran said. “From Singapore’s perspective, we are very clear on the direction, the pathway has to be adjusted.” Australia has said it will seek to push ahead with the TPP—minus the U.S.—at a meeting of other potential members in Chile next month. The pact remains “absolutely” relevant without the U.S. and the text of the accord would only need minor tweaking to allow for America’s withdrawal, Trade Minister Steven Ciobo said in a Bloomberg Television interview on Wednesday.