%0 Journal Article
%T Trans-Pacific Partnership: An attempt to characterize the new mega free trade area
%A Gąsiorek, Adam
%J International Business and Global Economy
%V 2016
%R 10.4467/23539496IB.16.008.5589
%N Volume 35/1
%P 106-119
%K international trade, regional integration, economic outlook, Trans-Pacific Partnership
%@ 2300-6102
%D 2016
%U https://ejournals.eu/en/journal/ibage/article/partnerstwo-transpacyficzne-proba-charakterystyki-nowej-megastrefy-wolnego-handlu
%X 
	Negotiations of the Trans-Pacific Partnership (TPP) between the United States and eleven countries located on four continents were concluded in October 2015. It can therefore be assumed that the agreement reached will be ratified by each of the countries it concerns, so that in 2017 it could be fully applied. Thus, it is worth to try to determine the potential of the agreement based on the latest available statistical data and, at the same time, to show the existing diversity. To achieve this goal, an analysis of data obtained from IMF and UNCTAD online databases has been carried out. In addition, a review of literature and press reports from the course of the negotiations process has been conducted. Selected macroeconomic indicators revealed the existence of significant disparities of development, whereas the analysis of commodity exports of the TPP members showed that only products originating from Brunei, Canada, and Mexico are mostly being sold within the area, which demonstrates the existence of a reservoir and proves that this agreement could help to increase mutual exchange.