With slowing growth in the BRICS and the underwhelming recovery in the U.S., many nations around the world are looking to free trade. Australia, among others, has been negotiating agreements with Asia, forming the Trans-Pacific Partnership.
The Trans-Pacific Partnership has been praised as a breakthrough in international free trade efforts. It has also been heavily criticised, seen as merely a smokescreen for increasing American influence in the Asia-Pacific region and the reach of its corporations. However, it is also a fascinating example of how political and economic rivalries can overlap.