The Trans-Pacific Partnership has been agreed, the actual value of which is now to be debated. What struck me is how something so small at the start can grow very fast, now covering 40% of the world's economy.
A rough timeline...
2001 - the process starts when New Zealand and Singapore conclude a free trade deal.
2002 - a year later Chile is on board, now called the Pacific Three Closer Economic Relations
2005 - now Brunei joins and we have the P4; the term Trans-Pacific Partnership begins
2008 - joined by USA, Australia, Vietnam and Peru, now this thing is big
2010 - Malaysia join
2012 - Canada and Mexico are now in
2013 - Japan join the party.
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