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. 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. This report provides a comparative economic analysis of the TPP countries and their economic relations with the United States.

This report discusses Australia's strategic alliance with the United States and their economic ties with China and ways these two interests may conflict. Relations between the U.S. and Australia and recent tensions between U.S. President Trump and Australian President Turnbull are also discussed.