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36,517 Posts.
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01/08/15
21:57
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Catgut,
This TPP is, in my opinion, an attempt by the US to secure for itself a dominant commercial role in the Pacific region.
Of course, China is at the back of the mind of the Americans. I don't think Russia's role in the Pacific is a major concern for the US.
China is trying to counteract the American effort by putting forward its own Pacific economic union.
There is no 100% free competition in trade. For a small country like Australia, I think we need to belong to an economic grouping.