US representatives are laying blame on all parties for the breakdown in TPP talks.

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Mike's Minute: Temporary reprieve for anti-TPP camp

The head of the National Milk Producers' Federation, Jaime Castaneda says every country wants their own needs met.

"We share the same views of the New Zealand companies. The problem is that the problem is also New Zealand. The problem is everybody. We also have to admit that."

Prime Minister John Key argues the fact that the talks have stalled shows how much the agreement will be worth to New Zealand. 

"These negotiations always have a point at which people come together and it gets down to those gritty last issues ... unfortunately we ran out of time but it is getting close and I think the way everyone's negotiating shows how big the prize is at the end if everyone can get there."

The minister in charge of New Zealand's negotiations, Tim Groser, reports the stalled talks still have something to offer New Zealand.

But the Prime Minister is being told he should have an idea of how much the TPP trade deal is worth to New Zealand. Labour Leader Andrew Little argues some detail should be known given we're looking to sign a deal that goes beyond just market access.

"I think the government does credibly have to come up with some realistic figures about what the cash value is for this agreement if they're going to persuade New Zealanders that it's worth getting into."

MFAT has estimated the TPP could bring export gains of around $4 billion in 2025.

Dairy a sticking point

Australian farmers are disappointed the Trans-Pacific Partnership is on hold, but believe things got close. Deputy CEO of Australia's National Farmers Federation Tony Maher is optimistic that a deal will be done eventually.

"There's a couple of issues here and sticking points for us. Similar to ... New Zealand farmers we wanted improved access to dairy."

He says the impasse was down to disputes over automotives, intellectual property and dairy.