Key Points:
The Trans-Pacific Partnership Agreement should benefit Australia's exports of resources and associated goods and services.
The Australian Government hopes the Trans-Pacific Partnership Agreement (TPP) will bring enormous benefits to Australia in the Asia Pacific Region. In a global context, where Australia already has existing trade agreements with some of the TPP countries, the TPP presents an opportunity to diversify the Australian economy, particularly in the energy and resources sector.
Our current energy and resources trade with TPP countries
The TPP countries are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Australia's exports of resources and energy products to TPP countries were worth almost $47 billion in 2014, representing 30% of Australia's total global exports.
