After almost eight years of negotiations, countries on both sides of the Pacific Ocean are one step closer to implementing a landmark trade deal. Negotiators of the 12 countries party to the Trans-Pacific Partnership (TPP) reached a deal on October 5, which would affect 40 percent of the world’s economy.
- Explainer: What Is the Trans-Pacific Partnership?
- Video Q&A: Carlos Gutierrez on Trade, the TPP, and Looking toward Asia
The partnership involves five countries in the Western Hemisphere: Canada, Chile, Mexico, Peru, and the United States. Though the deal cannot go into effect until ratification by each of the 12 members, commercial ties among them are already underway—and strong in many cases. AS/COA Online gathered trade data between each of the countries in the hemisphere and their Asia-Pacific partners.