The Trans-Pacific Partnership (TPP) is a proposed regional free trade agreement (FTA) currently
under negotiation between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the
United States, and Vietnam. The negotiating partners have expressed an interest in allowing this
proposed "living agreement" to cover new trade topics and to include new members that are
willing to adopt the proposed agreement's high standards. To that end, Canada, Japan, and
Mexico have begun consultations with the partner countries about the possibility of joining the
negotiations.
The TPP negotiations are of significant interest to Congress. Congressional involvement includes
consultations with U.S. negotiators on and oversight of the details of the negotiations, and
eventual consideration of legislation to implement the final trade agreement. In assessing the TPP
negotiations, Members may be interested in understanding the potential economic impact and
significance of TPP and the economic characteristics of the other TPP countries as they evaluate
the potential impact of the proposed TPP on the U.S. economy and the commercial opportunities
for expansion into TPP markets.
This report provides a comparative economic analysis of the TPP countries and their economic
relations with the United States. It suggests that the TPP negotiating partners encompass great
diversity in population, economic development, and trade and investment patterns with the United
States. This economic diversity and inclusion of fast-growing emerging markets presents both
opportunities and challenges for the United States in achieving a comprehensive and high
standard regional FTA among TPP countries.
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